Textual Amendments
F1Pt. 2 Ch. 7B inserted (26.7.2013 for specified purposes) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 (S.I. 2013/1881), arts. 1(2), 5
39D.—(1) When carried on in relation to debts due under a credit agreement—
(a)negotiating with the lender, on behalf of the borrower, terms for the discharge of a debt,
(b)taking over, in return for payments by the borrower, that person’s obligation to discharge a debt, or
(c)any similar activity concerned with the liquidation of a debt,
is a specified kind of activity.
(2) When carried on in relation to debts due under a consumer hire agreement—
(a)negotiating with the owner, on behalf of the hirer, terms for the discharge of a debt,
(b)taking over, in return for payments by the hirer, that person’s obligation to discharge a debt, or
(c)any similar activity concerned with the liquidation of a debt,
is a specified kind of activity.]