The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 No. 632

PART 3 Amendments to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001

Article 60HA (exempt agreements: exemptions not permitted under the mortgages directive)

142.—(1) Article 60HA(1) (exempt agreements: exemptions not permitted under the mortgages directive) is amended as follows.

(2) In the heading, for “exemptions not permitted under the mortgages directive” substitute “provision qualifying articles 60E, 60F and 60H”.

(3) In paragraph (1)(2), for the words after “article 60E(2) or (5)” substitute “or 60F(4) if it is a mortgage agreement to which paragraph (2) does not apply”.

(4) In paragraph (2)—

(a) after “This paragraph applies” insert “to an agreement”;

(b) omit paragraph (a);

(c) in paragraph (b), for “of Article 4(23) of the mortgages directive” substitute “given by article 60G(9)”.

(1)

Article 60HA was inserted by S.I. 2015/910.

(2)

Paragraph (1) was amended by S.I. 2016/392.