Regulation 3 Scope of these Regulations.

(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,

(d) Regulations 15, 18, 20, 22, 23 and 24.

(3) Only Regulations 21 and 24 of Parts 2 to 7 apply to a credit agreement in the form of overrunning.

(4) Subject to paragraph (5), only the following provisions of Parts 2 to 7 of these Regulations apply to a credit agreement entered into by a credit union (within the meaning given by the Credit Union Act 1997 (No. 15

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