11.—(1) In these Regulations—
“consumer” means an individual who is not acting for the purposes of a trade, business, craft or profession;
“trader” means—
a person acting for purposes relating to that person’s trade, business, craft or profession, or
anyone acting in the name of, or on behalf of, a person falling within paragraph (a).
(2) Any reference in these Regulations to a consumer or trader in relation to a regulated contract, means—
(a)in the case of a contract which has been entered into, the consumer or trader who is party to the contract, or
(b)in the case of a proposed contract, the consumer and trader who will be parties to the contract, once it is entered into.