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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 26 July 2013 - onwards
  Version 2 of 2    

Article 5A

Revoked from 26 July 2013

(1) The Act shall not regulate a consumer credit agreement concluded with -

(a) an investment firm, or

(b) a credit institution,

for the purposes of allowing a debtor to carry out a transaction relating to one or more of the instruments listed in Section C of Annex 1 to MIFID, where the investment firm or credit institution providing the credit is involved in that transaction.

(2) In this article -

"credit institution" means an undertaking the business of which is to receive deposits or other repayable funds from the public and to grant credits on its own account;

"investment firm" has the meaning given in article 4.1.1 of MIFID;

"MIFID" means Directive 2004/39/EC of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments".

Comparing proposed amendment...