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10. (1) Subject to paragraph (2) below, a person shall not be guilty of an offence under section 47(1) or 167 of the Act for contravention of these Regulations if the advertisement would have complied with the requirements of the Consumer Credit (Advertisements) Regulations 1980(1) if those Regulations had not been revoked by these Regulations.
(2) This regulation only applies to advertisements published in a catalogue, diary or work of reference comprising at least 50 printed pages—
(a)of which copies are first published, or made available for publication in the ordinary course of business, before 1st May 1990; and
(b)which in a reasonably prominent position either contains the date of its first publication or specifies a period, being a calendar or seasonal period, throughout which it is intended to have effect.
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