(1) In relation to any contract made before 31st May 2005 which is a consumer credit agreement within the meaning of the 1974 Act and a regulated agreement within the meaning of that Act -

(a) regulations 7, 8, 10 and 11 apply subject to the modifications in paragraphs (2) to (5); and

(b) references in these Regulations to regulations 7, 8, 10 and 11 or to provisions contained in them shall be construed accordingly.

(2) In regulation 7 -

(a) in paragraphs (1) to (3), before "Schedule 1" at each place where it occurs insert "paragraph 13 of"; and

(b) in paragraph (4)(b), before "Schedule 2" insert "paragraph 5 of".

(3) In regulation 8(1), for "contractual terms and conditions and the information specified in" at each place where it occurs substitute "information specified in paragraph 13 of".

(4) In regulation 10(3), omit -

(a) "the contractual terms and conditions and"; and

(b) "those terms and conditions and".