The Consumer Credit (Amendment) (EU Exit) Regulations 2018
2018 No. 1038
Exiting The European Union
Financial Services
Consumer Credit
The Consumer Credit (Amendment) (EU Exit) Regulations 2018
Made 27th September 2018
Laid before Parliament 28th September 2018
Coming into force in accordance with regulation 1(2)
The requirements of paragraph 3(2) of Schedule 7 to the European Union (Withdrawal) Act 20181(relating to the appropriate Parliamentary procedure for these Regulations) have been satisfied.
The Treasury make the following Regulations in exercise of the powers conferred by section 8(1) of that Act.
Citation and commencement
1.—(1) These Regulations may be cited as the Consumer Credit (Amendment) (EU Exit) Regulations 2018.
(2) These Regulations come into force on exit day.
2.—(1) The Consumer Credit Act 19742is amended as follows.
(2) In section 98A (termination etc. of open-end consumer credit agreements)3, in subsection (5)(a), for “an EU obligation” substitute “a retained EU obligation”.
(3) In section 157 (duty to disclose name etc. of agency), in subsection (2A)(b)4, for “any EU obligation” substitute “a retained EU obligation”.
The Consumer Credit (Disclosure of Information) Regulations 2010
3.—(1) The Consumer Credit (Disclosure of Information) Regulations 20105are amended as follows.
(2) In regulation 11(1)(a) omit “European Consumer Credit Information”.
(3) In Schedule 1—
(a)
(a) omit “(Standard European Consumer Credit Information)” after the Schedule heading;
(b)
(b) in table 5, in section (a) of the table, in the first column, in the entry commencing “The creditor’s representative”, for “your Member State of residence” substitute “the United Kingdom”.
(4) In Schedule 3—
(a)
(a) for the heading substitute “Pre-contract Consumer Credit Information (Overdrafts)”;
(b)
(b) in table 5, in section (a) of the table, in the first column, in the entry commencing “The creditor’s representative”, for “[the UK] [your Member State of residence]” substitute “the UK”.
The Consumer Credit (Green Deal) Regulations 2012
4. In regulation 2 of the Consumer Credit (Green Deal) Regulations 20126, in the definition of “replacement interest”, omit “, further to the third paragraph of Article 16(4)(b) of Directive 2008/48/ECof the European Parliament and of the Council on...
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