(1) In section 145 of the Consumer Credit Act 1974 (types of ancillary credit business) [1974 c. 39; amended by the Contracts (Applicable Law) Act 1990 (c. 36), Schedule 4.] -

(a) in subsection (2), after "section 146(5)" insert "and (5A)";

(b) in subsection (5), for "section 146(6)" substitute "section 146(5B) and (6)"; and

(c) in subsection (6), for "section 146(6)" substitute "section 146(5C) and (6)".

(2) In section 146 of that Act (exceptions from section 145) [Amended by the Arbitration Act 1996 (c. 23), Schedule 3.], after subsection (5) insert -

"(5A) It is not credit brokerage for a person to effect the introduction of an individual desiring to obtain credit if the introduction is made -

(a) to an authorised person, within the meaning of the 2000 Act, who has permission under that Act to enter as lender into relevant agreements; or

(b) to a qualifying broker, with a view to that individual obtaining credit under a relevant agreement.

(5B) It is not debt-adjusting for a person to carry on an activity mentioned in paragraph (a), (b) or (c) of section 145(5) if -

(a) the debt in question is due under a relevant agreement; and

(b) that activity is a regulated activity for the purposes of the 2000 Act.