Paragraph 2 Permissible tolerances in disclosure of an APRI1

United Kingdom

For the purposes of these Regulations, it shall be sufficient compliance with the requirement to show an APR if there is included in the credit advertisement—

(a)

a rate which exceeds the APR by not more than one,

(b)

a rate which falls short of the APR by not more than 0.1, or

(c)

in a case to which paragraph 3 or 4 of this Schedule applies, a rate determined in accordance with those paragraphs or whichever of them applies to that case.

Annotations

Commencement

I1: Sch. para. 2 in force at 1.2.2011, see reg. 1(1)