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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 31 October 2004 - onwards
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Article 4 Arranging regulated mortgage contracts

After article 25 of the Regulated Activities Order insert -

"Arranging regulated mortgage contracts

25A.

(1) Making arrangements -

(a) for another person to enter into a regulated mortgage contract as borrower; or

(b) for another person to vary the terms of a regulated mortgage contract entered into by him as borrower after the coming into force of article 61, in such a way as to vary his obligations under that contract, is a specified kind of activity.

(2) Making arrangements with a view to a person who participates in the arrangements entering into a regulated mortgage contract as borrower is also a specified kind of activity.

(3) In this article "borrower" has the meaning given by article 61(3)(a)(i).".

Comparing proposed amendment...