SCHEDULE 1

PART IControlled Activities

Credit broking4B

1

Each of the following is a controlled activity—

a

effecting an introduction of an individual or relevant recipient of credit to a person who enters into as lender relevant credit agreements F2(other than credit agreements which are exempt agreements under the relevant provisions) by way of business;

F3b

effecting an introduction of an individual or relevant recipient of credit to a person who, by way of business, enters into as owner regulated consumer hire agreements or agreements which would be regulated consumer hire agreements but for article 60O (exempt agreements: exemptions relating to nature of agreement) or article 60Q (exempt agreements: exemptions relating to the nature of the hirer) of the Regulated Activities Order;

c

effecting an introduction of an individual or relevant recipient of credit to a person who carries on an activity of the kind specified in paragraph (a) or (b) by way of business;

d

presenting or offering an agreement which would (if entered into) be a relevant credit agreement F4(other than a credit agreement which is an exempt agreement under the relevant provisions) to an individual or relevant recipient of credit;

e

assisting an individual or relevant recipient of credit by undertaking preparatory work in respect of a relevant credit agreement F5(other than a credit agreement which is an exempt agreement under the relevant provisions);

f

entering into a relevant credit agreement F6(other than a credit agreement which is an exempt agreement under the relevant provisions) on behalf of a lender.

F11A

But an activity is not a controlled activity falling within sub-paragraph (1) to the extent that it is a controlled activity falling within paragraph 10A (arranging qualifying credit etc.).

F72

For the purposes of paragraph (1)—

a

“relevant provisions” are article 60E(5) (exempt agreements: exemptions relating to the nature of the lender) and article 60F(exempt agreements: exemptions relating to number of repayments to be made) of the Regulated Activities Order;

b

it is immaterial whether the relevant credit agreement or the consumer hire agreement is subject to the law of a country other than the United Kingdom.