ExclusionsU.K.
Valid from 31/10/2004
Arranging administration by authorised personU.K.
62. A person who is not an authorised person does not carry on an activity of the kind specified by article 61(2) in relation to a regulated mortgage contract where he—
(a)arranges for another person, being an authorised person with permission to carry on an activity of that kind, to administer the contract; or
(b)administers the contract himself during a period of not more than one month beginning with the day on which any such arrangement comes to an end.
Valid from 31/10/2004
Administration pursuant to agreement with authorised personU.K.
63. A person who is not an authorised person does not carry on an activity of the kind specified by article 61(2) in relation to a regulated mortgage contract where he administers the contract pursuant to an agreement with an authorised person who has permission to carry on an activity of that kind.
[F1Information society servicesU.K.
63A. Article 61 is subject to the exclusion in article 72A (information society services).]
Textual Amendments
F1Art. 63A inserted (21.8.2002) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 2) Order 2002 (S.I. 2002/1776), arts. 1, 3(16)