Disapplication of certain regulations in the case of consumer credit agreements
This section has no associated Explanatory Memorandum
34. Where the contract under which a payment service is provided is, or would be, when entered into, a regulated agreement—
(a)regulations 41, 42 and 43 do not apply;
(b)the payment service provider is only required under regulation 40(1) to provide the information specified in paragraph 3(b) of Schedule 4; and
(c)the payment service provider is only required under regulation 45(1) to provide the information specified in paragraph (2)(d) of regulation 45.