The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2016

Amendment of the Financial Services and Markets Act 2000 (Exemption) Order 2001 U.K.

4.  In the Schedule to the Financial Services and Markets Act 2000 (Exemption) Order 2001 M1 , in paragraph 48 (social housing), in sub-paragraph (1A) for paragraphs (a) to (c) substitute—

“(a) was entered into before 21st March 2016; or

(b) is entered into on or after 21st March 2016 and—

(i) is of a kind to which the mortgages directive does not apply by virtue of Article 3(2) of that directive;

(ii) is a bridging loan; or

(iii) is a restricted public loan in relation to which the requirements of sub-paragraph (1B) are met.”.

Marginal Citations

M1 S.I. 2001/1201. Paragraph 48 was substituted by S.I. 2003/1675, and sub-paragraph (1A) was inserted by S.I. 2015/910.