40. At the end of the Consumer Credit (Amendment) (EU Exit) Regulations 2018 M1, insert—
6.—(1) [F1For a period of five months beginning on IP completion day] the Consumer Credit (Disclosure of Information) Regulations 2010 M2 (“the 2010 Regulations”), as amended by regulation 3 of these Regulations, are subject to the modifications specified in this regulation.
(2) Information is, for the purposes of regulation 8(1), to be treated as being disclosed by means of the form contained in Schedule 1 where the information is disclosed in the form specified in Schedule 1 to the 2010 Regulations with the modifications specified in paragraph (4).
(3) The right conferred by regulation 9(2) is to be construed accordingly.
(4) The modifications referred to in paragraph (2) are that—
(a)the form has at the beginning as a heading “(Standard European Consumer Credit Information)”; and
(b)in table 5, in section (a), in the first column, in the entry commencing “The creditor's representative” for “the United Kingdom” substitute “ your Member State of residence ”.
(5) Information is, for the purposes of regulation 11(1)(a), to be treated as being disclosed by means of the form set out in Schedule 3 where disclosure is made by means of the form set out in Schedule 3 to the 2010 Regulations with the following modification.
(6) This modification is that in table 5, in section (a), in the first column, in the entry commencing “The creditor's representative” for “the UK” substitute “ [the UK] [your Member State of residence] ”.”.
Textual Amendments
F1Words in reg. 40 substituted (31.1.2020) by The Financial Services (Miscellaneous) (Amendment) (EU Exit) (No. 3) Regulations 2019 (S.I. 2019/1390), regs. 1(4), 14 (as amended by S.I. 2020/1301, regs. 1, 3, Sch. para. 49(c)); 2020 c. 1, Sch. 5 para. 1(1)
Commencement Information
I1Reg. 40 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(4)
Marginal Citations
M2S.I. 2010/1013. Relevant amendments were made by S.I. 2010/1969, 2012/2798, 2013/1881, 2014/208, 2016/530 and 2018/1038.