Section 29A of the Act of 1997 is amended -

(a) in subsection (1) -

(i) by the substitution of "for the purposes of paragraph (e) of the definition of 'retail credit firm' in section 28(1) if," for "from being required to hold an authorisation as a retail credit firm in relation to the provision of credit if,",

(ii) by the substitution of the following paragraph for paragraph (a):

"(a) the total amount or value of the relevant activities that are to be carried out by the person is such that it is reasonable to assume that the borrower or hirer, as the case may be, will be in a position to negotiate on equal terms or to obtain appropriate legal and financial advice, or",

(iii) in paragraph (c) by the substitution of "carries out relevant activities" for "provides credit", and

(iv) by the substitution of "orderly regulation of relevant activities" for "orderly regulation of the provision of credit",

(b) in subsection (2) -

(i) by the substitution of "for the purposes of paragraph (e) of the definition of 'retail credit firm' in section 28(1) if," for "from being required to hold an authorisation as a retail credit firm in relation to the provision of credit if,",