(1) The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 [ S.I. 2013/1881.] is amended as follows.

(2) In article 56 (interim permission) [Article 56 was amended by S.I. 2014/366, 376 and 1446.], after paragraph (2) insert -

"(2A) On and after the relevant date, any relevant person ("P") is to be treated as having an interim permission to carry on relevant mortgage activity.

(2B) For the purposes of paragraph (2A) -

(a) a person is a "relevant person" if -

(i) the person is a housing authority within the meaning of article 60E of the Regulated Activities Order,

(ii) the person has notified the FCA before 1st April 2016 that the person wishes to obtain an interim permission under paragraph (2A) to carry on relevant mortgage activity,

(iii) immediately before 1st April 2014 the person carried on an activity which would be relevant mortgage activity if carried on on or after that date, and held a standard licence under the 1974 Act covering such activity,