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The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 1) Order 2003
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Arranging regulated mortgage contracts
4. After article 25 of the Regulated Activities Order insert—
“Arranging regulated mortgage contracts
25A.—(1) Making arrangements—
(a)for another person to enter into a regulated mortgage contract as borrower; or
(b)for another person to vary the terms of a regulated mortgage contract entered into by him as borrower after the coming into force of article 61, in such a way as to vary his obligations under that contract,
is a specified kind of activity.
(2) Making arrangements with a view to a person who participates in the arrangements entering into a regulated mortgage contract as borrower is also a specified kind of activity.
(3) In this article “borrower” has the meaning given by article 61(3)(a)(i).”.
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