Credit agreements in which a borrowing rate is periodically revised in line with changes occurring in a reference rate referred to in the credit agreement should not be regarded as credit agreements with a fixed borrowing rate.
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New version applies from 20/03/2014 — introduced by Mortgage Credit Directive.
52 provisions change.
Later versions: 01/01/2018, 26/07/2019, 30/12/2023.
Recital 21 changes in this version: compare with the current text.