(1) In these Regulations -
"advisory services" means the provision of personal recommendations to a consumer in respect of one or more transactions relating to credit agreements and constitutes a separate activity from the granting of a credit and from credit intermediation activities;
"ancillary service" means a service offered to the consumer in conjunction with the credit agreement;
"annual percentage rate of charge" or "APRC" means the total cost of the credit to the consumer, expressed as an annual percentage of the total amount of credit, where applicable, including the costs referred to in Regulation 18(2), and equates, on an annual basis, to the present value of all future or existing commitments (drawdowns, repayments and charges) agreed by the creditor and the consumer;
"authorisation" means a mortgage credit intermediary's authorisation granted under Regulation 30;
"Benchmarks Regulation" means Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8
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