Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Act 2022
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Amendment of section 29 of Act of 1997 | ||
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3. Section 29 of the Act of 1997 is amended by the insertion of the following subsection after subsection (4): | ||
“(5) For the purposes of this Act— | ||
(a) the National Asset Management Agency and a NAMA group entity (within the meaning of the National Asset Management Agency Act 2009 ) shall not be treated as carrying on a regulated business as a credit servicing firm, | ||
(b) an excepted person shall not be treated as carrying on a regulated business as a debt management firm, | ||
(c) a person referred to in paragraphs (a) to (g) of the definition of ‘retail credit firm’ in section 28(1) shall not be treated as carrying on a regulated business as a retail credit firm, and | ||
(d) a securitisation special purpose entity referred to in section 28(2A) or (2B) shall not be treated as carrying on a regulated business as a retail credit firm.”. |