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The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 1) Order 2003
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Advising on regulated mortgage contracts
13. After article 53 of the Regulated Activities Order insert—
“Advising on regulated mortgage contracts
53A.—(1) Advising a person is a specified kind of activity if the advice—
(a)is given to the person in his capacity as a borrower or potential borrower; and
(b)is advice on the merits of his doing any of the following—
(i)entering into a particular regulated mortgage contract, or
(ii)varying the terms of a regulated mortgage contract entered into by him after the coming into force of article 61 in such a way as to vary his obligations under that contract.
(2) In this article, “borrower” has the meaning given by article 61(3)(a)(i).”.
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