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The Financial Services and Markets Act 2000 (Miscellaneous Provisions) Order 2001

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The Financial Services and Markets Act 2000 (Professions) (Non-Exempt Activities) Order 2001 (S.I. 2001/1227)

Mortgage activities carried on by members of the professions

3.  The Financial Services and Markets Act 2000 (Professions) (Non-Exempt Activities) Order 2001 is amended as follows—

(a)in article 1(3)(b), for “article 4(h)” substitute “article 6A”;

(b)in article 4, paragraph (h) is revoked;

(c)after article 6 insert—

6A.(1) An activity of the kind specified by article 61(1) or (2) of the Regulated Activities Order (regulated mortgage contracts).

(2) Paragraph (1) does not apply to an activity carried on by a person in his capacity as a trustee or personal representative where the borrower under the regulated mortgage contract in question is a beneficiary under the trust, will or intestacy.

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