(1) Article 60G [Article 60G was inserted by S.I. 2013/1881.] (exempt agreements: exemptions relating to the total charge for credit) is amended as follows.

(2) In paragraph (2A)(a) [Paragraph (2A) was inserted by S.I. 2015/910 and was amended by S.I. 2016/392.], for "of a type described in Article 3(1) of the mortgages directive" substitute "one to which subsection (2) of section 423A of the Act applies".

(3) In paragraph (2A)(b) -

(a) for "of such a type" substitute "one to which that subsection applies";

(b) in paragraph (i), for "of a kind to which the mortgages directive does not apply by virtue of Article 3(2) of that directive" substitute "one to which subsection (3) of that section applies";

(c) in paragraph (ii) omit "within the meaning of Article 4(23) of the mortgages directive".

(4) In paragraph (8) [Paragraph (8) was inserted by S.I. 2015/910 and was amended by S.I. 2016/392.], for "of a type described in Article 3(1) of the mortgages directive" substitute "to which subsection (2) of section 423A of the Act applies".

(5) After that paragraph insert -