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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 13 January 2018 - onwards
Version 5 of 5

Article 26 Extension of the compulsory jurisdiction of the Financial Ombudsman Scheme to registered consumer buy-to-let mortgage firms

(1) Part 16 (the Ombudsman Scheme) of the 2000 Act applies in respect of a complaint relating to the act or omission of a registered consumer buy-to-let mortgage firm as if -

(a) in section 226(2)(b) of that Act (compulsory jurisdiction) [Section 226 was amended by paragraph 1 of Schedule 11 to the Financial Services Act 2012 and by S.I. 2009/209 and 2011/99.], after "Payment Services Regulations 2017," there were inserted "a registered consumer buy-to-let mortgage firm within the meaning of Part 3 of the Mortgage Credit Directive Order 2015,";

(b) in section 232A of that Act (scheme operator’s duty to provide information to FCA) [Section 232A was inserted by paragraph 9 of Schedule 11 to the Financial Services Act 2012.], after "FCA’s operational objectives" there were inserted ", or which might otherwise be of assistance to the FCA for the purposes of discharging any of the FCA’s functions under Part 3 of the Mortgage Credit Directive Order 2015,";

(c) in section 234 of that Act (industry funding) [Section 234 was amended by paragraph 10 of Schedule 11 to the Financial Services Act 2012 and by S.I. 2009/209 and 2011/99.], after "any electronic money issuer within the meaning of the Electronic Money Regulations 2011" there were inserted ", any registered consumer buy-to-let mortgage firm within the meaning of Part 3 of the Mortgage Credit Directive Order 2015";