(This note is not part of the Order)
This Order amends the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001. Article 2 excludes from article 36A fee free introductions by a registered social landlord of an individual who seek to enter into a credit agreement to credit unions, community benefit societies, community interest companies limited by guarantee, registered charities, subsidiaries of registered charities, and subsidiaries of registered social landlords. This exclusion will allow registered social landlords to refer tenants, or potential tenants, to such entities without requiring authorisation from the Financial Conduct Authority.
A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sectors is foreseen.