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Division 20 New business is defined as any new agreement between the household or non-financial corporation and the reporting agent. New agreements comprise:F1

United Kingdom Repealed

Original text. Later amendments are not shown.

  • all financial contracts, that specify for the first time the interest rate of the deposit or loan, and

  • all renegotiations of existing deposit and loan contracts as defined in paragraph 21.

Annotations

Textual amendments

F1

Regulation revoked (15.12.2021) by The UK Statistics (Amendment etc.) (EU Exit) Regulations 2021 (S.I. 2021/1300), reg. 1, Sch. 1 para. 68