Article 5 Exemption for high net worth debtors and hirers
A person who is—
(a)
the creditor or owner;
(b)
an employee or agent of the creditor or owner or a person who otherwise acts on behalf of the creditor or owner in relation to the consumer credit agreement or consumer hire agreement; or
(c)
an associate of the creditor or owner,
may only make a statement of high net worth if the creditor or owner is a person who has permission under Part 4 of the Financial Services and Markets Act 2000f1 to accept deposits.
Annotations
Footnotes
- f1