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The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001
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The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, Section 25A is up to date with all changes known to be in force on or before 05 November 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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[F1Arranging regulated mortgage contractsU.K.
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 [F2falling within paragraph (1A)] entered into by him as borrower [F3after 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.
[F4(1A) 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.
[F5(2A) 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 [F6“borrower” has the meaning] [F6“borrower” and “lender” have the meanings] given by article 61(3)(a)(i).]
Textual Amendments
F1Art. 25A 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), 4
F2Words in art. 25A(1)(b) inserted (17.3.2016 for specified purposes, 21.3.2016 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2016 (S.I. 2016/392), art. 1(2)(3)(c), 2(4)(a)(i) (with Pt. 5)
F3Words in art. 25A(1)(b) omitted (17.3.2016 for specified purposes, 21.3.2016 in so far as not already in force) by virtue of The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2016 (S.I. 2016/392), art. 1(2)(3)(c), 2(4)(a)(ii) (with Pt. 5)
F4Art. 25A(1A) inserted (17.3.2016 for specified purposes, 21.3.2016 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2016 (S.I. 2016/392), art. 1(2)(3)(c), 2(4)(b) (with Pt. 5)
F5Art. 25A(2A) 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(4)(a) (with Pt. 4)
F6Words in art. 25A(3) substituted (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(4)(b) (with Pt. 4)
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