Regulation 2 Amendment of the Consumer Credit (Advertisements) Regulations 2004

The Consumer Credit (Advertisements) Regulations 2004^f1 shall be amended as follows.

In regulation 1(2), for the definition of “the typical APR” substitute—

• ““the typical APR” is an APR at or below which the advertiser reasonably expects, at the date on which the advertisement is published, that credit would be provided under at least 66% of the agreements which will be entered into as a result of the advertisement. In the case of an advertisement which falls within section 151(1) of the Act, “advertiser” means the person carrying on the business of credit brokerage.”

In regulation 8(2)(a) and (b), for the words “he will enter” substitute “which will be entered”.