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The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019

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Draft Legislation:

This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 No. 632

Article 61 (regulated mortgage contracts)

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145.—(1) Article 61 (regulated mortgage contracts) is amended as follows.

(2) In paragraph (3)(a)(ii)(1) omit “in the EEA”.

(3) In paragraph (4), after sub-paragraph (a) insert—

“(aa) “land”—

(i)in relation to a contract entered into before exit day, means land in the United Kingdom or within the territory of an EEA State;

(ii)in relation to a contract entered into on or after exit day, means land in the United Kingdom.”.

(1)

Paragraph (3)(a) was substituted by S.I. 2015/910 and amended by S.I. 2016/392.

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