PART 4Transitional Provisions
Transitional provision: agreements before 21st March 201628
F11
Subject to paragraph (2), this Order does not apply to the granting of credit pursuant to an agreement existing before 21st March 2016.
2
Paragraph (1) does not prevent this Order from applying to a consumer credit back book mortgage contract from the later of—
a
21st March 2016, if the consumer credit back book mortgage contract was entered into before that date; or
b
the time at which the consumer credit back book mortgage contract is entered into.
F1Where a credit agreement is entered into before 21st March 2016 and a further agreement relating to the same credit is to be entered into before the borrower is to be entitled to the credit, the following enactments do not apply to the agreements until immediately after the later agreement has been entered into—
a
this Order;
b
paragraphs (3) to (5) of article 2 of the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.3) Order 2015; and
c
articles 2(3), (4), (7), (8), (10)(b), (11), (12), (14) to (16) and (18) to (21), 3, 4 and 6(4) and (5) of the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2016.