- Y Diweddaraf sydd Ar Gael (Diwygiedig)
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The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001
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The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, Section 31 is up to date with all changes known to be in force on or before 22 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Arranging the acceptance of debentures in connection with loansU.K.
31.—(1) There are excluded from article 25(1) and (2) arrangements under which a person accepts or is to accept, whether as principal or agent, an instrument creating or acknowledging indebtedness in respect of any loan, credit, guarantee or other similar financial accommodation or assurance which is, or is to be, made, granted or provided by that person or his principal.
(2) The reference in paragraph (1) to a person accepting an instrument includes a reference to a person becoming a party to an instrument otherwise than as a debtor or a surety.
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