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

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.

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.