(1) Entering into a regulated consumer hire agreement as owner is a specified kind of activity.
(2) It is a specified kind of activity for the owner or another person to exercise, or to have the right to exercise, the owner's rights and duties under a regulated consumer hire agreement.
"consumer hire agreement" means an agreement between a person ("the owner") and an individual or relevant recipient of credit ("the hirer") for the bailment or, in Scotland, the hiring, of goods to the hirer which - (a) is not a hire-purchase agreement, and (b) is capable of subsisting for more than three months;
"exempt agreement" means a consumer hire agreement which is an exempt agreement under articles 60O to 60Q;
"owner" means - (a) the person who bails or, in Scotland, hires, goods under a consumer hire agreement, or (b) a person who exercises or has the right to exercise the rights and duties of a person who bailed or, in Scotland, hired, goods
…