SCHEDULES

SCHEDULE 18 Amendments of Enactments

Part I United Kingdom

Consumer Credit Act 1974 (c. 39)

10

1

This paragraph amends the M1Consumer Credit Act 1974 as follows.

2

In section 16(1) (consumer credit agreement with certain bodies exempt from regulation) the words “or building society” shall be omitted and, after paragraph (f), there shall be inserted the words

, or

g

a building society.

3

In section 16(3) (Secretary of State’s duty to consult before making orders), after paragraph (d) there shall be inserted the words

or

e

under subsection (1)(g) without consulting the Building Societies Commission and the Treasury.

4

In section 189(1) (definitions), for the definition of “building society” there shall be substituted the following definition—

“building society” means a building society within the meaning of the Building Societies Act 1986;