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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 31 October 2004 - onwards
Version 2 of 2

Regulation 12 Automatic cancellation of an attached distance contract

(1) For the purposes of this regulation, where there is a distance contract for the provision of a financial service by a supplier to a consumer ("the main contract") and there is a further distance contract ("the secondary contract") for the provision to that consumer of a further financial service by -

(a) the same supplier, or

(b) a third party, the further financial service being provided pursuant to an agreement between the third party and the supplier under the main contract,

then the secondary contract (referred to in these Regulations as an "attached contract") is attached to the main contract if any of the conditions in paragraph (2) are satisfied.

(2) The conditions referred to in paragraph (1) are -

(a) the secondary contract is entered into in compliance with a term of the main contract;

(b) the main contract is, or is to be, financed by the secondary contract;

(c) the main contract is a debtor-creditor-supplier agreement within the meaning of the 1974 Act, and the secondary contract is, or is to be, financed by the main contract;