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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 12 May 2011 - onwards
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Article 30 Arranging transactions in connection with lending on the security of insurance policies

(1) There are excluded from article 25(1) and (2) arrangements made by a money-lender under which either -

(a) a relevant authorised person or a person acting on his behalf will introduce to the money-lender persons with whom the relevant authorised person has entered, or proposes to enter, into a relevant transaction, or will advise such persons to approach the money-lender, with a view to the money-lender lending money on the security of any contract effected pursuant to a relevant transaction;

(b) a relevant authorised person gives an assurance to the money-lender as to the amount which, on the security of any contract effected pursuant to a relevant transaction, will or may be received by the money-lender should the money-lender lend money to a person introduced to him pursuant to the arrangements.

(2) In paragraph (1) -

"money-lender" means a person who is -

(a) a money-lending company within the meaning of section 209 of the Companies Act 2006;

(b) a body corporate incorporated u

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