The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019

PART 6 U.K. Minor and consequential amendments

Modifications etc. (not altering text)

C1 Pts. 3-6 modified in part (31.12.2020) by The Gibraltar (Miscellaneous Amendments) (EU Exit) Regulations 2019 (S.I. 2019/680), regs. 1(2), 11(1)(4)(5) (with reg. 11(8)-(10)) (as amended by S.I. 2020/1301, regs. 1, 3, Sch. para. 40(f)); 2020 c. 1, Sch. 5 para. 1(1)

Consumer Credit Act 1974 U.K.

194.—(1) In consequence of the amendments made by regulation 89 and other provisions of these Regulations, section 8 of the Consumer Credit Act 1974 M1 (consumer credit agreements) is amended as follows.

(2) In subsection (3)(b) M2 , for the words after “an agreement” substitute “ the purpose of which is the acquisition or retention, by an individual acting for purposes outside those of any trade, business or profession carried on by the individual, of property rights in land or in an existing or projected building ”.

(3) After subsection (3) insert—

“(3A) A reference in paragraph (3)(b) to any land or building—

(a) in relation to an agreement entered into before [F1 IP completion day], is a reference to any land or building in the United Kingdom or within the territory of an EEA State;

(b) in relation to an agreement entered into on or after [F1 IP completion day], is a reference to any land or building in the United Kingdom.”.

Textual Amendments

F1 Words in reg. 194(3) substituted (30.12.2020) by The Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020 (S.I. 2020/1301), regs. 1, 3, Sch. para. 33(x)

Commencement Information

I1 Reg. 194 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)

Marginal Citations

M1 1974 c.39.

M2 Subsection (3) was substituted by S.I. 2015/910 and was amended by S.I. 2016/392.

Electronic Money Regulations 2011 U.K.

195.  In consequence of the amendment made by regulation 144, in Schedule 2A M3 to the Electronic Money Regulations 2011 M4 , in paragraph 1 omit sub-paragraph (13).

Commencement Information

I2 Reg. 195 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)

Marginal Citations

M3 Schedule 2A was inserted by S.I. 2014/366.

M4 S.I. 2011/99.

Payment Services Regulations 2017 U.K.

196.  In consequence of the amendment made by regulation 143, in Schedule 5 to the Payment Services Regulations 2017 M5 , in paragraph 1 omit sub-paragraph (13).

Commencement Information

I3 Reg. 196 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)

Marginal Citations

M5 S.I. 2017/752.