PART 3Consumer buy-to-let mortgages
Extension of the compulsory jurisdiction of the Financial Ombudsman Scheme to registered consumer buy-to-let mortgage firms26
1
Part 16 (the Ombudsman Scheme) of the 2000 Act applies in respect of a complaint relating to the act or omission of a registered consumer buy-to-let mortgage firm as if—
a
in section 226(2)(b) of that Act (compulsory jurisdiction) M1, after “Payment Services Regulations 2009,” there were inserted “
a registered consumer buy-to-let mortgage firm within the meaning of Part 3 of the Mortgage Credit Directive Order 2015,
”
;
b
in section 232A of that Act (scheme operator's duty to provide information to FCA) M2, after “FCA's operational objectives” there were inserted “
, or which might otherwise be of assistance to the FCA for the purposes of discharging any of the FCA's functions under Part 3 of the Mortgage Credit Directive Order 2015,
”
;
c
in section 234 of that Act (industry funding) M3, after “any electronic money issuer within the meaning of the Electronic Money Regulations 2011” there were inserted “
, any registered consumer buy-to-let mortgage firm within the meaning of Part 3 of the Mortgage Credit Directive Order 2015
”
;
d
in paragraph 13(4) of Schedule 17 to that Act (FCA's procedural rules) M4, after “an electronic money issuer within the meaning of the Electronic Money Regulations 2011,” there were inserted “
a registered consumer buy-to-let mortgage firm within the meaning of the Mortgage Credit Directive Order 2015,
”
.