PART II SPECIFIED ACTIVITIES

F1Chapter 14ARegulated Credit Agreements

Annotations:
Amendments (Textual)
F1

Pt. II Ch. 14A, 14B inserted (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 (S.I. 2013/1881), art. 1(2)(6), 6

The activities

Regulated credit agreements60B

1

Entering into a regulated credit agreement as lender is a specified kind of activity.

2

It is a specified kind of activity for the lender or another person to exercise, or to have the right to exercise, the lender’s rights and duties under a regulated credit agreement.

3

In this article—

  • F2“credit agreement” means an agreement between an individual or relevant recipient of credit (“A”) and any other person (“B”) under which B provides A with credit of any amount;

    F2“credit agreement”—

    1. a

      in relation to an agreement other than a green deal plan, means an agreement between an individual or relevant recipient of credit (“A”) and any other person (“B”) under which B provides A with credit of any amount;

    2. b

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

  • F3“exempt agreement” means a credit agreement which is an exempt agreement under articles 60C to 60H, but where only part of a credit agreement falls within a provision of articles 60C to 60H, only that part is an exempt agreement under those articles;

  • “regulated credit agreement” means any credit agreement which is not an exempt agreement.