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S.I. No. 93/2018 - European Communities (Consumer Credit Agreements) (Amendment) Regulations 2018

S.I. No. 93/2018 - European Communities (Consumer Credit Agreements) (Amendment) Regulations 2018 Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General Táirgthe ag Oifig an Ard-Aighne Home Legislation Acts of the Oireachtas Statutory Instruments Pre-1922 Legislation Constitution External Resources Bills (Houses of the Oireachtas) Iris Oifigiúil / Official Gazette Revised Acts (LRC) Classified List of Legislation (LRC) Translations (acts.

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  3. s)or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile Statutory InstrumentsIonstraimí Reachtúla 2018 S.I. No. 93/2018 - European Communities (Consumer Credit Agreements) (Amendment) Regulations 2018 S.I. No. 93/2018 - European Communities (Consumer Credit Agreements) (Amendment) Regulations 2018 AmendmentsLeasuithe Download PDF Íoslódáil PDF Notice of the making of this Statutory Instrument was published in “Iris Oifigiúil” of 30th March, 2018. I, PASCHAL DONOHOE, Minister for Finance, in exercise of the powers conferred on me by section 3 of the European Communities Act 1972 (No. 27 of 1972), and for the purpose of giving further effect to Directive (EU) 2008/48/EC of the European Parliament and of the Council of 23 April 20081 , as amended by Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8 June 20162 , hereby make the following regulations: Citation and commencement 1.

(1)These Regulations may be cited as the European Communities (Consumer Credit Agreements) (Amendment) Regulations 2018.
(2)These Regulations shall come into operation on 1 July
  1. Amendment of European Communities (Consumer Credit Agreements) Regulations 2010
  2. The European Communities (Consumer Credit Agreements) Regulations 2010 ( S.I. No. 281 of 2010 ) are amended— (a) in Regulation 6
(1), by inserting after the definition of “annual percentage rate of charge” the following: “ ‘Benchmarks Regulation’ means Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8 June 20163 ;”, (b) in Regulation 3, by inserting after paragraph
(1)the following: “(1A)Subparagraph (s) of Regulation 8
(1)shall not apply to a credit agreement that comes into effect before 1 July 2018.”, and (c) in Regulation 8
(1)— (
  1. i)in subparagraph (
  2. q), by substituting “the consumer),” for “the consumer), and”, (
  3. ii)in subparagraph (
  4. r), by substituting “information, and” for “information.”, and (iii) by inserting after subparagraph (
  5. r)the following: “(
  6. s)where the credit agreement references a benchmark as defined in point 3 of Article 3
(1)of the Benchmarks Regulation, the name of the benchmark and of its administrator and the potential implications on the consumer shall be provided by the creditor, or where applicable, by the credit intermediary, to the consumer in a separate document, which may be annexed to the Standard European Consumer Credit Information form.”. GIVEN under my Official Seal, 18 March 2018. PASCHAL DONOHOE, Minister for Finance. 1 OJ No. L 133, 22.5.2008, p.66 2 OJ No. L 171, 29.6.2016, p.1 3 OJ No. L 171, 29.6.2016, p.1 Privacy Statement Accessibility European Legislation Identifier (PDF) Open Data License Ráiteas Príobháideachais Inrochtaineacht Aitheantóir Eorpach Reachtaíochta (ELI) Ceadúnas Sonraí Oscailte Liosta Fianán © Government of Ireland. Oireachtas Copyright Material is reproduced with the permission of the Houses of the Oireachtas © Rialtas na hÉireann. Atáirgtear ábhar faoi Chóipcheart le cead ó Thithe an Oireachtais

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