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The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001
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Changes over time for: Section 54A
Changes to legislation:
The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, Section 54A is up to date with all changes known to be in force on or before 02 December 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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Changes and effects yet to be applied to Article 54A:
- Sch. 3 Pt. 1 para. 2(c) words substituted by S.I. 2023/548 art. 2(5)
Changes and effects yet to be applied to the whole Instrument associated Parts and Chapters:
Whole provisions yet to be inserted into this Instrument (including any effects on those provisions):
- Sch. 3 Pt. 1 para. 2(c) words substituted by S.I. 2023/548 art. 2(5)
[F1Advice given in the course of administration by authorised personU.K.
54A.—[F2(1)] A person who is not an authorised person (“A”) does not carry on an activity of the kind specified by article 53A by reason of—
(a)anything done by an authorised person (“B”) in relation to a regulated mortgage contract which B is administering pursuant to arrangements of the kind mentioned in article 62(a); or
(b)anything A does in connection with the administration of a regulated mortgage contract in circumstances falling within article 62(b).
[F3(2) A person who is not an authorised person (“A”) does not carry on an activity of the kind specified by article 53B by reason of—
(a)anything done by an authorised person (“B”) in relation to a regulated home reversion plan which B is administering pursuant to arrangements of the kind mentioned in article 63C(a); or
(b)anything A does in connection with the administration of a regulated home reversion plan in circumstances falling within article 63C(b).
(3) A person who is not an authorised person (“A”) does not carry on an activity of the kind specified by article 53C by reason of—
(a)anything done by an authorised person (“B”) in relation to a regulated home purchase plan which B is administering pursuant to arrangements of the kind mentioned in article 63G(a); or
(b)anything A does in connection with the administration of a regulated home purchase plan in circumstances falling within article 63G(b).]
[F4(4) A person who is not an authorised person (“A”) does not carry on an activity of the kind specified by article 53D by reason of
(a)anything done by an authorised person (“B”) in relation to a regulated sale and rent back agreement which B is administering pursuant to arrangements of the kind mentioned in article 63K(a); or
(b)anything A does in connection with the administration of a regulated sale and rent back agreement in circumstances falling within article 63K(b).]
[F5(5) A person who is not an authorised person (“A”) does not carry on an activity of the kind specified by article 53DA by reason of—
(a)anything done by an authorised person (“B”) in relation to a regulated credit agreement which B is administering pursuant to arrangements of the kind mentioned in article 60I(a) (arranging administration by authorised person); or
(b)anything A does in connection with the administration of a regulated credit agreement in circumstances falling within article 60I(b).]]
Textual Amendments
F1Art. 54A inserted (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), 15
F2Art. 54A(1): art. 54A renumbered as art. 54A(1) (6.11.2006 for specified purposes, 6.4.2007 in so far as not already in force) by virtue of The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2006 (S.I. 2006/2383), arts. 1(2), 15(a)
F3Art. 54A(2)(3) inserted (6.11.2006 for specified purposes, 6.4.2007 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2006 (S.I. 2006/2383), arts. 1(2), 15(b)
F4Art. 54A(4) inserted (1.7.2009 for specified purposes, 30.6.2010 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2009 (S.I. 2009/1342), arts. 1(2), 15
F5Art. 54A(5) inserted (20.4.2015 for specified purposes, 21.12.2015 for specified purposes, 21.3.2016 in so far as not already in force) by The Mortgage Credit Directive Order 2015 (S.I. 2015/910), art. 1(5), Sch. 1 para. 4(11) (with Pt. 4)
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