After article 54 of the Regulated Activities Order insert -

"Advice given in the course of administration by authorised person

54A. A person who is not an authorised person ("A") does not carry on an activity of the kind specified by article 53A by reason of -

(a) anything done by an authorised person ("B") in relation to a regulated mortgage contract which B is administering pursuant to arrangements of the kind mentioned in article 62(a); or

(b) anything A does in connection with the administration of a regulated mortgage contract in circumstances falling within article 62(b).".