The Financial Services and Markets Act 2000 (Transitional Provisions) (Mortgages) Order 2004

This section has no associated Explanatory Memorandum

11.  For the purposes of articles 22 and 29 of the Regulated Activities Order, a person with an interim permission—

(a)is to be treated as an authorised person for the purpose of considering whether he is able to benefit from the exclusion; but

(b)is not to be treated as an authorised person for the other purposes of the articles.