SCHEDULE PRESCRIBED CONTENTS TO BE INCLUDED IN A STATEMENT TO BE GIVEN BY A CREDITOR TO A DEBTOR OF THE STATE OF THE ACCOUNT WHERE RUNNING-ACCOUNT CREDIT IS PROVIDED UNDER A REGULATED AGREEMENT

6.  Where the statement shows that interest has been applied to the account during the period to which the statement relates—

(a) sufficient information to enable the debtor to check the calculation of the amount of the interest so applied; or

(b) the rate of interest which has been used to calculate the amount of the interest so applied or, if the rate has varied, each rate of interest which has been so used and the time during which each rate applied; or

(c) a statement that the rate, or each rate, of interest which has been used to calculate the amount of the interest so applied will be provided by the creditor on request, together with a clear explanation of the manner in which the amount of the interest so applied has been calculated.