The Education (Student Loans) (Repayment) Regulations 2009U.K.
41.—(1) The Education (Student Loans) (Repayment) Regulations 2009 M1 are amended as follows.
(2) In regulation 21 (interest rate on the loans) M2—
(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 ”.
(3) In regulation 21A (interest rate on post-2012 student loans) M3—
(a)for “the Consumer Credit (Total Charge for Credit) Regulations 2010” in each place substitute “ total charge for credit rules ”;
(b)after paragraph (14) insert—
“(15) In this regulation, “total charge for credit rules” means 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.”.
Marginal Citations
M2Amended by S.I. 2010/1010 and S.I. 2012/1309.
M3Inserted by S.I. 2012/1309. Amended by S.I. 2013/607.