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The Fraud Act 2006

The Fraud Act 2006 received Royal Assent on 8 November and is due to come into effect on 15 January 2007. The Act creates a new general offence of fraud with three ways of committing it:

Fraud by false representation
Fraud by failing to disclose information, and
Fraud by abuse of position

It also creates new offences:

Obtaining services dishonestly
Possessing, making and supplying articles for use in frauds
Fraudulent trading applicable to non-corporate traders.