Exemption of certain consumer credit agreements having a connection with a country outside the United Kingdom5.

The Act shall not regulate a consumer credit agreement made—

(a)

in connection with trade in goods or services between the United Kingdom and a country outside the United Kingdom or within a country or between countries outside the United Kingdom, being an agreement under which credit is provided to the debtor in the course of a business carried on by him; or

(b)

between a creditor listed in Part IV of Schedule 1 to this Order and a debtor who is—

(i)

a member of any of the armed forces of the United States of America;

(ii)

an employee not habitually resident in the United Kingdom of any of those forces; or

(iii)

any such member’s or employee’s wife or husband or any other person (whether or not a child of his) whom he wholly or partly maintains and treats as a child of the family.