Consumer Credit Act 1995

F186[Non- application of section 116 and deemed application of certain provisions

116A

116A.(1) Section 116 shall not apply to a person required to hold a mortgage credit intermediarys authorisation under Regulation 30 of the European Union (Consumer Mortgage Credit Agreements) Regulations 2016 (in subsection (2) referred to as a "relevant authorisation").

(2) Notwithstanding subsection (1), a person who is the holder for the time being of a relevant authorisation shall, for the purposes, and the purposes only, of sections 117 to 119, be deemed to be the holder of a mortgage intermediaries authorisation.]

Annotations

Amendments:

F186

Inserted (21.03.2016) by European Union (Consumer Mortgage Credit Agreements) Regulations 2016 (S.I. No. 142 of 2016), reg. 44(1)(b), in effect as per reg. 2.