Amendment to the Financial Services and Markets Act 2000 (Carrying on Regulated Activities by Way of Business) Order 2001
25. In the Financial Services and Markets Act 2000 (Carrying on Regulated Activities by Way of Business) Order 2001(1), after article 3 insert—
“Arranging and advising on regulated mortgage contracts
3A. A person is not to be regarded as carrying on by way of business an activity of the kind specified by—
(a)article 25A of the Regulated Activities Order (arranging regulated mortgage contracts);
(b)article 53A of that Order (advising on regulated mortgage contracts); or
(c)article 64 of that Order (agreeing), so far as relevant to any of the articles mentioned in sub-paragraphs (a) and (b),
unless he carries on the business of engaging in that activity.”.
(1)
S.I. 2001/1177.