PART II SPECIFIED ACTIVITIES

Chapter VIArranging Deals in Investments

The activities

F1Arranging regulated mortgage contracts25A

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 F4falling within paragraph (1A) entered into by him as borrower F5after 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.

F61A

A regulated mortgage contract falls within this paragraph if—

a

the contract was entered into on or after 31st October 2004; or

b

the contract—

i

was entered into before 31st October 2004; and

ii

was a regulated credit agreement immediately before 21st March 2016.

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.

F22A

Making arrangements to enter into a regulated mortgage contract with a borrower on behalf of a lender is also a specified kind of activity.

3

In this article F3“borrower” has the meaningF3“borrower” and “lender” have the meanings given by article 61(3)(a)(i).