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The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019
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- UK Statutory Instruments
- 2019 No. 632
- PART 3
- Regulation 146
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Article 61A (mortgage contracts which are not regulated mortgage contracts)U.K.
This section has no associated Explanatory Memorandum
146.—(1) In article 61A M1 (mortgage contracts which are not regulated mortgage contracts) paragraph (6) is amended as follows.
(2) In the definition of “bridging loan”, for “Article 4(23) of the mortgages directive” substitute “ article 60G(9) ”.
(3) In the definition of “exempt consumer buy-to-let mortgage contract”, in paragraph (a), for “of a kind to which the mortgages directive does not apply by virtue of Article 3(2) of that directive” substitute “ an agreement to which section 423A(3) of the Act applies ”.
(4) In the definition of “exempt housing authority loan”M2, in paragraph (b)—
(a)for sub-paragraph (i) substitute—
“(i)is an agreement to which section 423A(3) of the Act applies,”;”
(b)in sub-paragraph (iii), for “exemptions not permitted under the mortgages directive” substitute “ provision qualifying articles 60E, 60F and 60H ”.
Modifications etc. (not altering text)
C1Pts. 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
I1Reg. 146 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
M1Article 61A was inserted by S.I. 2105/910, and the definition of “exempt housing authority loan” was inserted by S.I. 2016/392.
M2This definition was inserted by S.I. 2016/392.
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