62. A person who is not an authorised person does not carry on an activity of the kind specified by article 61(2) in relation to a regulated mortgage contract where he—
(a)arranges for another person, being an authorised person with permission to carry on an activity of that kind, to administer the contract; or
(b)administers the contract himself during a period of not more than one month beginning with the day on which any such arrangement comes to an end.
Commencement Information
I1Art. 62 in force at 31.10.2004, see art. 1(2)(b) (as read with Treasury notice dated 9.7.2003)
63. A person who is not an authorised person does not carry on an activity of the kind specified by article 61(2) in relation to a regulated mortgage contract where he administers the contract pursuant to an agreement with an authorised person who has permission to carry on an activity of that kind.
Commencement Information
I2Art. 63 in force at 31.10.2004, see art. 1(2)(b) (as read with Treasury notice dated 9.7.2003)
63A. Article 61 is also subject to the exclusions in articles 66 (trustees etc.), 72 (overseas persons) [F2, 72A (information society services)[F3, 72AA (managers of UCITS and AIFs) [F4and 72G (local authorities)] [F4, 72G (local authorities) and 72I (registered consumer buy-to-let mortgage firms)]]] .]
Textual Amendments
F1Art. 63A substituted (31.10.2004) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 1) Order 2003 (S.I. 2003/1475), arts. 1(3), 17
F2Words in art. 63A substituted (22.7.2013) by The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 2 para. 1(6)
F3Words in art. 63A substituted (14.2.2014 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2014 (S.I. 2014/366), art. 1(3)(4), 2(38)
F4Words in art. 63A substituted (20.4.2015 for specified purposes) by The Mortgage Credit Directive Order 2015 (S.I. 2015/910), art. 1(5), Sch. 1 para. 4(23) (with Pt. 4)