regulated credit agreement

in accordance with article 60B of the Regulated Activities Order:

1. (a) in the case of an agreement entered into before 1 April 2014, a credit agreement:
   1. (i) which was a regulated agreement within the meaning of section 189(1) of the CCA when the agreement was entered into; or
   1. (ii) which was such a regulated agreement after being varied or supplemented by another agreement before 1 April 2014;
   and which would not be an exempt agreement pursuant to article 60C(2) of the Regulated Activities Order if it had been entered into on 21 March 2016; or
1. (b) in the case of an agreement entered into on or after 1 April 2014, a credit agreement which is not an exempt agreement under articles 60C to 60H of the Regulated Activities Order.