The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019

Article 61 (regulated mortgage contracts) U.K.

145.—(1) Article 61 (regulated mortgage contracts) is amended as follows.

(2) In paragraph (3)(a)(ii) M1 omit “in the EEA”.

(3) In paragraph (4), after sub-paragraph (a) insert—

“(aa) “land”—

(i) in relation to a contract entered into before [F1 IP completion day], means land in the United Kingdom or within the territory of an EEA State;

(ii) in relation to a contract entered into on or after [F1 IP completion day], means land in the United Kingdom.”.

Textual Amendments

F1 Words in reg. 145(3) substituted (30.12.2020) by The Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020 (S.I. 2020/1301), regs. 1, 3, Sch. para. 33(q)

Modifications etc. (not altering text)

C1 Pts. 3-6 modified in part (31.12.2020) by The Gibraltar (Miscellaneous Amendments) (EU Exit) Regulations 2019 (S.I. 2019/680), regs. 1(2), 11(1)(4)(5) (with reg. 11(8)-(10)) (as amended by S.I. 2020/1301, regs. 1, 3, Sch. para. 40(f)); 2020 c. 1, Sch. 5 para. 1(1)

Commencement Information

I1 Reg. 145 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)

Marginal Citations

M1 Paragraph (3)(a) was substituted by S.I. 2015/910 and amended by S.I. 2016/392.