6U.K.In section 27 (agreements made through unauthorised persons) for subsection (1) substitute—
“(1)This section applies to an agreement that—
(a)is made by an authorised person (“the provider”) in the course of carrying on a regulated activity,
(b)is not made in contravention of the general prohibition,
(c)if it relates to a credit-related regulated activity, is not made in contravention of section 20, and
(d)is made in consequence of something said or done by another person (“the third party”) in the course of—
(i)a regulated activity carried on by the third party in contravention of the general prohibition, or
(ii)a credit-related regulated activity carried on by the third party in contravention of section 20.
(1A)The agreement is unenforceable against the other party.”
Commencement Information
I1Sch. 9 para. 6 in force at 1.4.2013 by S.I. 2013/423, art. 3, Sch.