Exceptions relating to loans and credit arrangements

7.—(1) Regulation 59 is amended as follows.

(2) After paragraph (1)(c)(ii) insert—

“(iii)in the case of a category 5 loan, the date on which the Amendment Regulations (No. 15) 2022 come into force;”.

(3) After paragraph (2)(a)(i)(bb) insert—

“(cc)in the case of a category 5 loan, the date on which the Amendment Regulations (No. 15) 2022 come into force;”.

(4) In paragraph (3)—

(a)before the definition of “category 1 loan”, insert—

““the Amendment Regulations (No. 15) 2022 has the meaning given to it in regulation 17;”;

(b)after the definition of “category 4 loan”, insert—

““category 5 loan” has the meaning given to it in regulation 17;”.