S.L. 376.6 Art. 40Transitional provisions.

(1) These regulations and any rules issued thereunder shall apply to equity release financial products offered by creditors after the coming into force of these regulations.

(2) Creditors which, on the coming into force of these regulations, are performing activities regulated by these regulations, shall, within one (1) year from the date of coming into force of these regulations, comply with these regulations and any rules issued thereunder. FIRST SCHEDULE (Regulation 15(1) and (2))

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