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Transitional provisionsU.K.

29.—(1) In relation to any contract made before 31st May 2005 which is a consumer credit agreement within the meaning of the 1974 Act and a regulated agreement within the meaning of that Act—

(a)regulations 7, 8, 10 and 11 apply subject to the modifications in paragraphs (2) to (5); and

(b)references in these Regulations to regulations 7, 8, 10 and 11 or to provisions contained in them shall be construed accordingly.

(2) In regulation 7—

(a)in paragraphs (1) to (3), before “Schedule 1” at each place where it occurs insert “ paragraph 13 of ”; and

(b)in paragraph (4)(b), before “Schedule 2” insert “ paragraph 5 of ”.

(3) In regulation 8(1), for “contractual terms and conditions and the information specified in” at each place where it occurs substitute “ information specified in paragraph 13 of ”.

(4) In regulation 10(3), omit—

(a)“the contractual terms and conditions and”; and

(b)“those terms and conditions and”.

(5) In regulation 11(3), omit “the contractual terms and conditions and” at each place where it occurs.