The Consumer Credit (Advertisements) (Amendment) Regulations 2007
These Regulations amend the Consumer Credit (Advertisements) Regulations 2004 (SI 2004/1484) (“the Principal Regulations”) which impose requirements concerning the form and content of advertisements which relate to the provision of credit and the hiring of goods. The Regulations amend the definition of the typical annual percentage rate (“APR”) in regulation 1(2) of the Principal Regulations, by making it clear that the requirement under regulation 8(1) of the Principal Regulations to show a typical APR applies to advertisements published for the purposes of a business of credit brokerage. The Regulations also make corresponding changes to regulation 8(2) of the Principal Regulations which makes provision for advertisements indicating a range of APRs. A Regulatory Impact Assessment in respect of these Regulations is available and a copy can be obtained from the Department of Trade and Industry or from its website at www.dti.gov.uk.