Statutory Instruments
2006 No. 1273
CONSUMER CREDIT
The Consumer Credit (Exempt Agreements) (Amendment) Order 2006
Made
9th May 2006
Laid before Parliament
10th May 2006
Coming into force
1st June 2006
The Secretary of State makes the following Order in exercise of the powers conferred on him by sections 16(5) and 182(2) and (4) of the Consumer Credit Act 1974( 1 ):
Citation, commencement and interpretation
1. This Order may be cited as the Consumer Credit (Exempt Agreements) (Amendment) Order 2006 and shall come into force on 1 st June 2006.
Amendment of the Consumer Credit (Exempt Agreements) Order 1989
2. The Consumer Credit (Exempt Agreements) Order 1989( 2 ) shall be amended as follows.
3. In article 4(1)(a) (Exemption of certain consumer credit agreements by reference to the rate of the total charge for credit) for the words “12.7 per cent” substitute “26.9 per cent”.
Ian McCartney
Minister for Trade, Investment and Foreign Affairs
Department of Trade and Industry
9th May 2006
1974 c. 39 ; section 182(2) was amended by section 58(3) of the Consumer Credit Act 2006 (c. 14) .
S.I. 1989/869 , amended by S.I. 1999/1956 ; there are other amending instruments but none is relevant.