Regulation 57 Amendments to the Consumer Credit (Disclosure of Information) Regulations 2010
(1) The Consumer Credit (Disclosure of Information) Regulations 2010 [S.I. 2010/1013.] are amended as follows.
(2) In regulation 3(4) -
(a) in paragraph (u)(ii) omit "and";
(b) in paragraph (v) omit "." and insert ", and";
(c) after paragraph (v) insert -
"(w) where the agreement references a benchmark, as defined in point 3 of Article 3(1) of Regulation EU 2016/1011 [OJ No L171 29.06.2016, p.1.] of the European Parliament and of the Council of 8 June 2016 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and amending Directives 2008/48/EC [OJ No. L133, 22.05.2008, p.66.] and 2014/17/EU [OJ No. L60, 28.02.2014, p.34.] and Regulation (EU) No 596/2014 [OJ No. L173, 12.06.2014, p.1.], the name of the benchmark and of its administrator and the potential implications on the debtor.".
(3) In regulation 4(2)(b), for "and (j)"substitute", (j) and (w) ".
(4) In regulation 8, after paragraph (5) insert -