29. In regulation 11 of the Education (Student Loans for Tuition Fees) (Scotland) Regulations 2006 (interest) M1—
(a)in paragraph (1) for “the Consumer Credit (Total Charge for Credit) Regulations 2010” substitute “ 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 ”;
(b)in paragraph (2), for “for the purposes of any exemption conferred by virtue of section 16(5)(b) of the Consumer Credit Act 1974” substitute “ by article 60G(3)(d) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 ”.
Marginal Citations
M1S.S.I. 2006/333. Amended by S.S.I. 2009/189 and S.I. 2010/1010.