Article 6

After Note (2) there shall be inserted—

“(2A)

This Group does not include a supply of services comprising the management of credit, other than such a supply made by the person granting the credit.

(2B)

For the purposes of this Group a person makes “a supply of services comprising the management of credit” if he performs any one or more of the following in relation to a credit, a credit card, a chargecard or a similar payment card, operation—

(a)

credit checking;

(b)

valuation;

(c)

authorisation services;

(d)

taking decisions relating to a grant or an application for a grant of credit;

(e)

creating and maintaining records relating to a grant or an application for a grant of credit on behalf of the credit provider; and

(f)

monitoring a creditor’s payment record or dealing with overdue payments.”.