The Consumer Credit (Exempt Agreements) (Amendment) Order 2008

S.I. 2008/645 · Made 6 March 2008 · Extends to United Kingdom

Not fully up to date. 3 changes made by later legislation have not yet been written into this text, which is revised to 6 March 2008.

See the changes not yet applied

Provision	Change	Made by
art. 1	coming into force	Consumer Credit (Exempt Agreements) 2008 art. 1
art. 2	coming into force	Consumer Credit (Exempt Agreements) 2008 art. 1
Regulations	revoked	Financial Services and Markets Act 2000 (Regulated Activities) 2013 art. 21(ff)

Consumer Credit

Made 6th March 2008

Laid before Parliament 11th March 2008

Coming into force 6th April 2008

The Secretary of State makes the following Order in exercise of the powers conferred by sections 16(1) and (4) and 182(4) of the Consumer Credit Act 1974^f1.

He has consulted in accordance with sections 16(3) and (3A) of that Act.

Annotations to the whole text

Footnotes

f1: 1974 c. 39.

1Citation and commencement Not yet in force
2Amendment to the Consumer Credit (Exempt Agreements) Order 1989 Not yet in force
Signature
Explanatory note

1Citation and commencementI1

This Order may be cited as the Consumer Credit (Exempt Agreements) (Amendment) Order 2008 and shall come into force on 6th April 2008.

2Amendment to the Consumer Credit (Exempt Agreements) Order 1989I1

In Part II of Schedule 1 to the Consumer Credit (Exempt Agreements) Order 1989^f1, after the entry relating to the Commission for the New Towns insert—

“

Urban Regeneration Agency Agreements of a description falling within section 16(2) of the Act, being agreements made pursuant to sections 160(1)(i), 164(2)(a) and 164(3)(b) of the Leasehold Reform, Housing and Urban Development Act 1993^f2.

”

Signature

Gareth Thomas

Parliamentary Under Secretary of State for Trade and Consumer Affairs

Department for Business, Enterprise & Regulatory Reform

6th March 2008

This Order amends the Consumer Credit (Exempt Agreements) Order 1989 by including the Urban Regeneration Agency in the list of bodies in Part II of Schedule 1 to that Order. This means that credit agreements falling within section 16(2) of the Consumer Credit Act 1974, entered into by the Agency under the Leasehold Reform, Housing and Urban Development Act 1993 for the purpose of assisting first time buyers to purchase residential property, are exempt from regulation under the Consumer Credit Act 1974.