PART 3Amendments to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001
Article 61A (mortgage contracts which are not regulated mortgage contracts)146
1
In article 61A249 (mortgage contracts which are not regulated mortgage contracts) paragraph (6) is amended as follows.
2
In the definition of “bridging loan”, for “Article 4(23) of the mortgages directive” substitute “article 60G(9)”.
3
In the definition of “exempt consumer buy-to-let mortgage contract”, in paragraph (a), for “of a kind to which the mortgages directive does not apply by virtue of Article 3(2) of that directive” substitute “an agreement to which section 423A(3) of the Act applies”.
4
In the definition of “exempt housing authority loan”250, in paragraph (b)—
a
for sub-paragraph (i) substitute—
i
is an agreement to which section 423A(3) of the Act applies,”;
b
in sub-paragraph (iii), for “exemptions not permitted under the mortgages directive” substitute “provision qualifying articles 60E, 60F and 60H”.