# The Small and Medium Sized Business (Credit Information) Regulations 2015, Regulation 5: Agreement by customers of banks


(1) For the purposes of regulation 3(2) and (5)(c)—
(a) agreement may be indicated by inclusion in the terms on which a designated bank provides services to a customer of a term under which the customer agrees to the provision of information about the customer to credit reference agencies (including such a term included by way of a variation);
(b) agreement may relate to the provision of information about the customer to credit reference agencies generally; and
(c) agreement may be indicated by a term in a contract between the bank and its customer which predates the date of any request made under regulation 3(1)(a).
(2) Where a designated bank starts to provide a service referred to in the Schedule to a customer on or after the date on which these Regulations come into force, the bank must include in the standard terms on which it provides the service a term indicating the customer’s agreement to the provision of information relating to that service under regulation 3(1).

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Source: https://www.legislation.gov.uk/ukdsi/2015/9780111138861/regulation/5 (the official version)
Page: https://openlegislation.uk/draft-small-and-medium-sized-business-credit-information-regulations-2015/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.