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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 April 2014 - onwards
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Article 48B Enforcement of agreements made on introductions by unlicensed credit-broker

(1) Section 149(1) (regulated agreements made on introductions by unlicensed credit broker) [Amended by the Enterprise Act 2002 (c.40), Schedule 25, paragraph 6(29) and by S.I. 2001/3649.] of the Consumer Credit Act 1974 continues to apply to a relevant agreement and for that purpose section 149 is to be treated as if -

(a) in subsection (1) -

(i) after "the OFT has", in each place, there were inserted "before 1st April 2014;

(ii) after "applies to the agreement", there were inserted "or the FCA has given a notice under section 28A of the Financial Services and Markets Act 2000 [Sections 28A and 28B inserted by the Financial Services Act 2012 (c.21), Schedule 9, paragraph 8.] by virtue of subsection (1A);

(b) after subsection (1), there were inserted -

"(1A) Sections 28A and 28B of the Financial Services and Markets Act 2000 apply to an agreement which is not enforceable by virtue of subsection (1) with the following modifications -

(a) in section 28A, subsections (1), (2) and (3)(b) d

Comparing proposed amendment...