The Financial Services and Markets Act 2000 (Regulated Activities) (Green Deal) (Amendment) Order 2014

Amendments to article 60L

8.—(1) Article 60L (interpretation of Chapter 14A etc)(1) is amended as follows.

(2) In paragraph (1)—

(a) in the definition of “borrower”, after “means” insert “(except in relation to green deal plans: see instead article 60LB)”;

(b) for the definition of “credit agreement” substitute—

““credit agreement”—

(a)

in relation to an agreement other than a green deal plan, has the meaning given by article 60B;

(b)

in relation to a green deal plan, has the meaning given by article 60LB;”;

(c) in the definition of “lender”, after “means” insert “(except in relation to green deal plans: see instead article 60LB)”.

(3) After paragraph (1) insert—

“(1A) For the purposes of this Chapter, a credit agreement that is a green deal plan is to be treated as—

(a) a borrower-lender-supplier agreement falling within paragraph (a) of the definition of “borrower-lender-supplier agreement”;

(b) a restricted-use credit agreement falling within paragraph (a) of the definition of “restricted-use credit agreement”.”.

(1)

Article 60L was inserted by S.I. 2013/1881, articles 2 and 6 and amended by S.I. 2014/366, article 2.