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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

This Order amends the Consumer Credit (Exempt Agreements) Order 1989 to provide that the Consumer Credit Act shall not regulate debtor-creditor agreements where the creditor is a credit union and the rate of the total charge for credit does not exceed 26.9 per cent.

A full regulatory impact assessment of the effect that this instrument will have on the costs to business is available from the Consumer and Competition Policy Directorate of the Department of Trade and Industry, 1 Victoria Street, London, SW1H 0ET.