1

This section applies to an agreement that—

a

is made by an authorised person (“the provider”) in the course of carrying on a regulated activity,

b

is not made in contravention of the general prohibition,

c

if it relates to a credit-related regulated activity, is not made in contravention of section 20, and

d

is made in consequence of something said or done by another person (“the third party”) in the course of—

i

a regulated activity carried on by the third party in contravention of the general prohibition, or

ii

a credit-related regulated activity carried on by the third party in contravention of section 20.

1A

The agreement is unenforceable against the other party.