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PART 4Amendments of secondary legislation

Transitional provision relating to the Consumer Credit (Disclosure of Information) Regulations 2010

15.—(1) Pre-contract credit information (within the meaning given by regulation 1(2) of the Consumer Credit (Disclosure of Information) Regulations 2010(1)) disclosed to a debtor in the period specified in paragraph (2) which contains the information specified in paragraph (3) is to be treated as if it contained the information required by—

(a)the entry in the second column of table 5 in Schedule 1(2) to the Consumer Credit (Disclosure of Information) Regulations 2010 opposite the entry “If applicable The supervisory authority”;

(b)the entry in the second column of table 5 in Schedule 3 to those Regulations opposite the entry “If applicable The supervisory authority”.

(2) The period is the period of five months beginning on the day on which this article comes into force.

(3) The information is a statement specifying—

(a)in the case of a person who is carrying on an activity which is exempt from the general prohibition in section 19 of the Financial Services and Markets Act 2000 by virtue of by virtue of section 327 of that Act, the Office of Fair Trading as the supervisory authority before 1st April 2014 and the relevant designated professional body as the supervisory authority after 31st March 2014, or

(b)in any other case, the Office of Fair Trading as the supervisory authority before 1st April 2014 and the Financial Conduct Authority as the supervisory authority after 31st March 2014.

(2)

Table 5 of Schedule 1 and table 5 of Schedule 3 amended by S.I. 2013/1881.