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The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2006

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Amendments of the Financial Services and Markets Act 2000 (Carrying on Regulated Activities by Way of Business) Order 2001

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29.  In the Financial Services and Markets Act 2000 (Carrying on Regulated Activities by Way of Business) Order 2001(1) after article 3A (arranging and advising on regulated mortgage contracts) insert—

“Arranging and advising on regulated home reversion plans

3B.  A person is not to be regarded as carrying on by way of business an activity specified by—

(a)article 25B of the Regulated Activities Order (arranging regulated home reversion plans);

(b)article 53B of that Order (advising on regulated home reversion plans); or

(c)article 64 of that Order (agreeing), so far as relevant to either of the articles mentioned in sub-paragraphs (a) and (b),

unless he carries on the business of engaging in that activity.

Arranging and advising on regulated home purchase plans

3C.  A person is not to be regarded as carrying on by way of business an activity specified by—

(a)article 25C of the Regulated Activities Order (arranging regulated home purchase plans);

(b)article 53C of that Order (advising on regulated home purchase plans); or

(c)article 64 of that Order (agreeing), so far as relevant to either 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; article 3A was inserted by S.I. 2003/1475.

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