The Financial Services and Markets Act 2000 (Regulated Activities) Order 20012
The Financial Services and Markets Act 2000 (Regulated Activities) Order 20012 is amended as follows—
a
in article 60F (exempt agreements: exemptions relating to number of repayments to be made), in paragraph (2)(b) for “four” substitute “twelve”; and
b
in article 60G (exempt agreements: exemptions relating to the total charge for credit), in paragraph (5)(b)(i) for sub-paragraph (bb) substitute—
bb
offered by a lender to a borrower as an incident of the borrower’s employment with the lender or with an undertaking in the same group as the lender;