Article 174 Regulated agreements made on introductions by unlicensed credit-brokersI1

In section 149 of the Consumer Credit Act 1974 (enforcement of regulated agreements made on introductions by unlicensed credit-brokers), after subsection (5) insert—

“(6)

For the purposes of this section, “unlicensed credit-broker” does not include a consumer credit EEA firm unless at the time the introduction was made that firm was precluded from making it as a result of—

(a)

a consumer credit prohibition imposed under section 203 of the Financial Services and Markets Act 2000; or

(b)

a restriction imposed on the firm under section 204 of that Act.”.