10(1)This paragraph amends the M1Consumer Credit Act 1974 as follows.U.K.
(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;”.
Marginal Citations