54A.—[F2(1)] A person who is not an authorised person (“A”) does not carry on an activity of the kind specified by article 53A by reason of—
(a)anything done by an authorised person (“B”) in relation to a regulated mortgage contract which B is administering pursuant to arrangements of the kind mentioned in article 62(a); or
(b)anything A does in connection with the administration of a regulated mortgage contract in circumstances falling within article 62(b).
[F3(2) A person who is not an authorised person (“A”) does not carry on an activity of the kind specified by article 53B by reason of—
(a)anything done by an authorised person (“B”) in relation to a regulated home reversion plan which B is administering pursuant to arrangements of the kind mentioned in article 63C(a); or
(b)anything A does in connection with the administration of a regulated home reversion plan in circumstances falling within article 63C(b).
(3) A person who is not an authorised person (“A”) does not carry on an activity of the kind specified by article 53C by reason of—
(a)anything done by an authorised person (“B”) in relation to a regulated home purchase plan which B is administering pursuant to arrangements of the kind mentioned in article 63G(a); or
(b)anything A does in connection with the administration of a regulated home purchase plan in circumstances falling within article 63G(b).]]
Textual Amendments
F1Art. 54A 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), 15
F2Art. 54A(1) renumbered (6.11.2006 for specified purposes) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2006 (S.I. 2006/2383), arts. 1(2), 15(a)
F3Art. 54A(2)(3) inserted (6.11.2006 for specified purposes) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2006 (S.I. 2006/2383), arts. 1(2), 15(b)