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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 26 July 2013 - onwards
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Article 60Q Exempt agreements: exemptions relating to the nature of the hirer

An agreement is an exempt agreement for the purposes of this Chapter if -

(a) the hirer is an individual,

(b) the agreement includes a declaration made by the hirer which provides that the hirer agrees to forgo the protection and remedies that would be available to the hirer if the agreement were a regulated consumer hire agreement and which complies with rules made by the FCA for the purposes of this paragraph,

(c) a statement has been made in relation to the income or assets of the hirer which complies with rules made by the FCA for the purposes of this paragraph,

(d) the connection between the statement and the agreement complies with any rules made by the FCA for the purposes of this paragraph (including as to the period of time between the making of the statement and the agreement being entered into), and

(e) a copy of the statement was provided to the owner before the agreement was entered into.

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