PART II SPECIFIED ACTIVITIES
Chapter XVRegulated Mortgage Contracts
Exclusions
Arranging administration by authorised personI162
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.
Administration pursuant to agreement with authorised personI263
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.
F1Other exclusions63A
Article 61 is also subject to the exclusions in articles 66 (trustees etc.), 72 (overseas persons) F2, 72A (information society services) and 72AA (managers of UCITS and AIFs).