S.L. 371.23 Art. 1Citation and scope.

(1) The title of these regulations is the Banking Act (Consumer Credit) Regulations.

(2) The scope of these regulations is to apply the relevant provisions of the Directive 2008/48/EC of the European Parliament and of the Council of 23 April 2008 on credit agreements for consumers and repealing Council Directive 87/102/EEC, in so far as applicable to creditors as herein defined, and these regulations and any Rules made thereunder shall be interpreted and applied accordingly.

(3) These regulations establish a common framework for certain aspects of laws, regulations and administrative provisions concerning credit agreements covering credit for consumers falling within the scope of these regulations in accordance with regulation 4.

(4) These regulations shall come into force on such a date or dates as the Minister responsible for finance may by notice in the Gazette establish and different dates may be so established for different provisions and, or purposes of these regulations.