(1)Section 6 (extinction of obligations by prescriptive periods of five years) of the 1973 Act is amended as follows.
(2)In subsection (4), for “was induced to refrain from making” substitute “ failed to make ”.
(3)After subsection (4) insert—
“(4A)For the purposes of subsection (4)(a), it does not matter whether the debtor, or the person acting on the debtor's behalf, intended the fraud or the words or conduct to cause the creditor to fail to make a relevant claim.”.
Commencement Information
I1S. 4 in force at 28.2.2025 by S.S.I. 2022/78, reg. 2(1) (with regs. 1(2), 3(1), 4(1))