SCHEDULE 1 AMENDMENTS TO SCHEDULE 3 TO THE ACT

3.  Paragraph 7 is amended so as to have effect as follows (the amendments being, for convenience, shown in bold type):

“Enforcement of agreements made by unlicensed trader

7.   Section 40 does not apply to a regulated agreement made in the course of any business before the day specified or referred to in paragraph 5(1) in relation to the description of business in question.”