(1) This article applies to rules made by the PRA which relate to credit-related regulated activities or the carrying on of those activities.
(2) Section 138J(2)(a) of the Act (cost benefit analysis) does not apply in relation to a draft of rules to which this article applies which are the same as, or substantially the same as, any of the Consumer Credit Act provisions or which have the same, or substantially the same, effect as any such provisions.
(3) For the purposes of this article, the "Consumer Credit Act provisions" are -
(a) the Consumer Credit Act 1974,
(b) any subordinate legislation made, or guidance issued, under that Act, and
(c) any notice issued by the OFT under section 86A of that Act [Inserted by the Consumer Credit Act 2006, section 8.] (information sheets on arrears and defaults),
disregarding the effect of article 20 (amendments of the Consumer Credit Act 1974) and any order made before 1st April 2014 under section 107 of the Financial Services Act 2012.
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