Source: http://www.legislation.gov.uk/ukpga/2000/8/part/II/2016-07-06
Timestamp: 2019-09-22 06:45:51
Document Index: 123722567

Matched Legal Cases: ['art 4', 'art 20', 'art 4', 'art 20', 'art. 3', 'art. 3', 'art. 3', 'art. 3']

(4)If the administration of an agreement involves the carrying on of a credit-related regulated activity, the agreement may not be enforced by a person for the time being exercising the rights of the lender under the agreement unless that person
[F19(a)]has permission, given under Part 4A or resulting from any other provision of this Act, in relation to that activity
[F20(b)is an appointed representative in relation to that activity,
(d)is a person to whom, as a result of Part 20, the general prohibition does not apply in relation to that activity].
(5)If the taking of steps to procure payment of debts due under an agreement involves the carrying on of a credit-related regulated activity, the agreement may not be enforced by a person for the time being exercising the rights of the lender under the agreement unless
[F21(a)]the agreement is enforced in accordance with permission—
[F22(i)]given under Part 4A to the person enforcing the agreement, or
[F22(ii)] resulting from any other provision of this Act.
[F23(b)that person is an appointed representative in relation to that activity,
(d)that person is a person to whom, as a result of Part 20, the general prohibition does not apply in relation to that activity.]]
F19Words in s. 26A(4) renumbered as s. 26A(4)(a) (6.7.2016) by Bank of England and Financial Services Act 2016 (c. 14), ss. 27(2)(a), 41(3); S.I. 2016/627, reg. 2(1)(u)
F20S. 26A(4)(b)-(d) inserted (6.7.2016) by Bank of England and Financial Services Act 2016 (c. 14), ss. 27(2)(b), 41(3); S.I. 2016/627, reg. 2(1)(u)
F21Words in s. 26A(5) renumbered as s. 26A(5)(a) (6.7.2016) by Bank of England and Financial Services Act 2016 (c. 14), ss. 27(3)(a), 41(3); S.I. 2016/627, reg. 2(1)(u)
F22Words in s. 26A(5) renumbered as s. 26A(5)(a)(i)(ii) (6.7.2016) by Bank of England and Financial Services Act 2016 (c. 14), ss. 27(3)(a), 41(3); S.I. 2016/627, reg. 2(1)(u)
F23S. 26A(5)(b)-(d) inserted (6.7.2016) by Bank of England and Financial Services Act 2016 (c. 14), ss. 27(3)(b), 41(3); S.I. 2016/627, reg. 2(1)(u)
[F24(1)This section applies to an agreement that—
[F25(1ZA)But this section does not apply to a regulated credit agreement or a regulated consumer hire agreement unless the provider knows before the agreement is made that the third party had some involvement in the making of the agreement or matters preparatory to its making.]
(1A)[F26An agreement to which this section applies] is unenforceable against the other party.]
[F27(5)For the purposes of subsection (1ZA)—
“regulated credit agreement” has the meaning given by article 60B of that Order.]
F24S. 27(1)(1A) substituted for s. 27(1) (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 9 para. 6 (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F25S. 27(1ZA) inserted (6.7.2016) by Bank of England and Financial Services Act 2016 (c. 14), ss. 28(2), 41(3); S.I. 2016/627, reg. 2(1)(v)
F26Words in s. 27(1A) substituted (6.7.2016) by Bank of England and Financial Services Act 2016 (c. 14), ss. 28(3), 41(3); S.I. 2016/627, reg. 2(1)(v)
F27S. 27(5) inserted (6.7.2016) by Bank of England and Financial Services Act 2016 (c. 14), ss. 28(4), 41(3); S.I. 2016/627, reg. 2(1)(v)
28 Agreements made unenforceable by section 26 or 27[F28: general cases].U.K.
(1)This section applies to an agreement which is unenforceable because of section 26 or 27[F29, other than an agreement entered into in the course of carrying on a credit-related regulated activity].
F28Words in s. 28 heading inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 9 para. 7(b) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F29Words in s. 28(1) inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 9 para. 7(a) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
[F3028ACredit-related agreements made unenforceable by section 26, 26A or 27U.K.
F30Ss. 28A, 28B inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 9 para. 8 (with Sch. 20); S.I. 2013/423, art. 3, Sch.