(1) A trader must, before the end of 30 working days beginning with the day on which a consumer makes the first payment to the trader under a consumer savings scheme contract, provide to the consumer the following information -

(a) the name, address, telephone number and email address of the insurer or trustees responsible for protecting the consumer's payments;

(b) where insurance arrangements are in place, the policy number for the policy under which the consumer's payments are protected;

(c) where trust arrangements are in place, a copy of the trust deed under which the consumer's payments are held.

(2) The trader must notify the consumer of any change to any of the information provided under subsection (1) before the end of 30 working days, beginning with the day on which the change takes effect.