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The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2016

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Amendment of the Financial Services and Markets Act 2000 (Exemption) Order 2001

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4.  In the Schedule to the Financial Services and Markets Act 2000 (Exemption) Order 2001(1), in paragraph 48 (social housing), in sub-paragraph (1A) for paragraphs (a) to (c) substitute—

(a)was entered into before 21st March 2016; or

(b)is entered into on or after 21st March 2016 and—

(i)is of a kind to which the mortgages directive does not apply by virtue of Article 3(2) of that directive;

(ii)is a bridging loan; or

(iii)is a restricted public loan in relation to which the requirements of sub-paragraph (1B) are met..

(1)

S.I. 2001/1201. Paragraph 48 was substituted by S.I. 2003/1675, and sub-paragraph (1A) was inserted by S.I. 2015/910.

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