S.I. No. 369/1996:

CONSUMER CREDIT ACT, 1995 (SECTION 2) (No. 2) REGULATIONS, 1996.

CONSUMER CREDIT ACT, 1995 (SECTION 2) (No. 2) REGULATIONS, 1996.

I, RICHARD BRUTON, Minister for Enterprise and Employment, in exercise of the powers conferred on me by section 2 (1) of the Consumer Credit Act, 1995 (No. 24 of 1995), hereby make the following Regulations:

1. These Regulations may be cited as the Consumer Credit Act, 1995 (Section 2) (No. 2) Regulations, 1996.

2. It is hereby prescribed that the definition of "credit institution" contained in section 2 (1) of the Consumer Credit Act, 1995 (No. 24 of 1995), shall (by virtue of paragraph (g) of that definition) include --

ACC Bank Finance,

ACC Bank International,

ACC Bank Asset Finance,

AIB Combined Leasing Limited,

AIB Leasing Limited,

AIB International Leasing Limited,

Allied Irish Finance Limited,

Allied Irish Leasing Limited,

The Hire-Purchase Company of Ireland Limited,

Anglo Irish International Financial Services Limited,

Beneficial Trust of Ireland Limited,

Irish Buyway Limited,

Phoenix Finance Trust Limited,

Fitzwilliam Leasing Limited,

Knightsdale Limited,

Credit Service Ireland Limited, trading as Lake Leasing,

Bank of Ireland Car Loans Limited,

Bank of Ireland Leasing Limited,

Ibidem Limited,

Ilios Limited,

Lansdowne Leasing Limited,

Merrion Leasing Limited,

New Holland Finance (Ireland) Limited,

BNP Capital Finance Limited,

ICC Finance Limited,

Irish Life Finance Limited,

ILF Asset Finance Limited,

ILF Commercial Finance Limited,

ILF Leasing Limited,

Lease Services Limited,

ING Finance (Ireland) Limited,

Irish Permanent Finance Limited,

Montbrison Limited,

Raasay Limited,

National Credit Finance Limited,

National Credit Financial Services Limited,

Smurfit Finance Limited,

Eurofinance Limited,

Smurfit Leasing Limited,

Thistle Finance Limited,

Woodchester Finance Limited,

Kynac Limited,

General Finance Trust Limited,

Hanvale Financial Services Limited,

M J Flood Leasing Limited,

Reloton Limited,

Romoss Investments Limited,

Woodchester Home Loans Limited,

Woodchester Leaseline Limited,

Motor Leasing Limited,

Hamilton Leasing (Ireland) Limited,

Woodchester Leasing Limited,

Western Finance Company Limited:

Provided that the APR charged by such person in respect of any credit granted to a consumer is less than 23 per cent.

GIVEN under my Official Seal, this 3rd day of December, 1996.

RICHARD BRUTON

Minister for Enterprise and Employment

EXPLANATORY NOTE.

This Regulation further supplements the definition of "credit institution" in the Consumer Credit Act, 1995 .