19. In paragraph 1 of Schedule 2 to the Education (Student Loans) Regulations (Northern Ireland) 1998(1), for the definition of “APR” substitute—
““APR” means the annual percentage rate of charge calculated under rules made by the Financial Conduct Authority under article 60M of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 for the purposes of Chapter 14A of Part 2 of that Order;”.