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The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001

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Version Superseded: 17/03/2016

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[F1Regulated credit agreementsU.K.

60B.(1) Entering into a regulated credit agreement as lender is a specified kind of activity.

(2) It is a specified kind of activity for the lender or another person to exercise, or to have the right to exercise, the lender’s rights and duties under a regulated credit agreement.

(3) In this article—

[F2“credit agreement” means an agreement between an individual or relevant recipient of credit (“A”) and any other person (“B”) under which B provides A with credit of any amount;]

[F2“credit agreement”—

(a)

in relation to an agreement other than a green deal plan, means an agreement between an individual or relevant recipient of credit (“A”) and any other person (“B”) under which B provides A with credit of any amount;

(b)

in relation to a green deal plan, has the meaning given by article 60LB;]

[F3“exempt agreement” means a credit agreement which is an exempt agreement under articles 60C to 60H, but where only part of a credit agreement falls within a provision of articles 60C to 60H, only that part is an exempt agreement under those articles;]

“regulated credit agreement” means any credit agreement which is not an exempt agreement.]

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