PART IIAMENDMENTS TO ORDERS MADE UNDER THE ACT
The Financial Services and Markets Act 2000 (Professions) (Non-Exempt Activities) Order 2001 (S.I. 2001/1227)
Mortgage activities carried on by members of the professions3.
The Financial Services and Markets Act 2000 (Professions) (Non-Exempt Activities) Order 2001 is amended as follows—
(a)
in article 1(3)(b), for “article 4(h)” substitute “article 6A”;
(b)
in article 4, paragraph (h) is revoked;
(c)
after article 6 insert—
“6A.
(1)
An activity of the kind specified by article 61(1) or (2) of the Regulated Activities Order (regulated mortgage contracts).
(2)
Paragraph (1) does not apply to an activity carried on by a person in his capacity as a trustee or personal representative where the borrower under the regulated mortgage contract in question is a beneficiary under the trust, will or intestacy.”