(1) Subject to paragraphs (2) to (6), Parts 2 to 7 of these Regulations apply to credit agreements.

(1A) Subparagraph (s) of Regulation 8(1) shall not apply to a credit agreement that comes into effect before 1 July 2018.

(2) Only the following provisions of Parts 2 to 7 of these Regulations apply to a credit agreement in the form of an overdraft facility where the credit has to be repaid on demand or within 3 months:

(a) the following provisions of Regulation 7:

(i) paragraph (1);

(ii) subparagraphs (a) to (c) of paragraph (2);

(iii) paragraph (5);

(b) Regulations 9 to 12;

(c) paragraphs (1), (2), (6) and (7) of Regulation 13,