{
  "url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-regulated-activities-etc-amendment-order-2025/article-3",
  "json_url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-regulated-activities-etc-amendment-order-2025/article-3.json",
  "legislation": "ukdsi/2025/9780348272055",
  "legislation_title": "The Financial Services and Markets Act 2000 (Regulated Activities etc.) (Amendment) Order 2025",
  "legislation_url": "https://openlegislation.uk/draft-financial-services-and-markets-act-2000-regulated-activities-etc-amendment-order-2025",
  "path": "article/3",
  "kind": "article",
  "number": "3",
  "heading": "Amendment of the Regulated Activities Order",
  "text": "(1) The Regulated Activities Order is amended as follows.\n(2) After article 36FA (activities carried on by registered social landlords), insert—\n“Activities in relation to certain regulated credit agreements\n36FB. (1) There are excluded from article 36A activities carried on in relation to a regulated deferred payment credit agreement, unless the person carrying on the activity is a domestic premises supplier.\n(2) For the purposes of paragraph (1), “domestic premises supplier” means a person (“the supplier”) who—\n(a) sells, offers to sell or agrees to sell goods; or\n(b) offers to supply services or contracts to supply services,\nto a customer who is an individual while the supplier, or the supplier’s representative, is physically present at the dwelling of the individual (but see paragraph (3)).\n(3) A supplier who acts as described in paragraph (2) on an occasional basis only is not a domestic premises supplier unless the supplier indicates to the public at large, or any section of the public, the supplier’s willingness to attend (in person or through a representative) the dwelling of potential customers in order to carry on any of the activities mentioned in paragraph (2)(a) or (b).\n(4) In this article—\n“customer” means a person to whom a supplier—\n(a) sells, offers to sell or agrees to sell goods; or\n(b) offers to supply services or contracts to supply services;\n“regulated deferred payment credit agreement” means an agreement—\n(a) which meets each of the conditions set out in article 60F(2)(a) to (d) (exempt agreements: exemptions relating to number of repayments to be made); and\n(b) to which paragraph (7A) of that article applies.”.\n(3) In article 60F (exempt agreements: exemptions relating to number of repayments to be made)—\n(a) for paragraph (2)(e), substitute—\n“(e) neither paragraph (7) nor paragraph (7A) (taken with paragraph (7B)) applies to the agreement.”;\n(b) after paragraph (7), insert—\n“(7A) This paragraph applies to agreements entered into on or after the regulatory commencement date which are not secured on land—\n(a) where—\n(i) the lender and the supplier are not the same person; and\n(ii) paragraph (7B) does not apply to the agreement; or\n(b) made in the following way—\n(i) a person (“the principal supplier”) offers to supply goods or services to a consumer (“the consumer”) financed by a credit agreement provided by another person (“the lender”);\n(ii) the lender, under a pre-existing arrangement with that principal supplier, purchases the goods or services from the principal supplier, for supply to the consumer; and\n(iii) the lender is, in relation to the credit agreement with the consumer mentioned in sub-paragraph (i), also the supplier of the goods or services to that consumer.\n(7B) This paragraph applies to—\n(a) agreements to finance premiums under contracts of insurance;\n(b) agreements where—\n(i) the borrowers are employees; and\n(ii) the agreements result from an arrangement between the lender or supplier and—\n(aa) the borrowers’ employer, or\n(bb) an undertaking which is a member of the same group as the borrowers’ employer;\n(c) agreements to finance the provision of goods or services offered by a registered social landlord (as defined by article 36FA(4)) to—\n(i) its tenants,\n(ii) its leaseholders, or\n(iii) persons with whom the registered social landlord has entered a shared ownership agreement within the meaning of section 83(3) of the Housing (Scotland) Act 2001.\n(7C) In paragraph (7A), “regulatory commencement date” has the meaning given in article 1(3) of the Financial Services and Markets Act 2000 (Regulated Activities etc.) (Amendment) Order 2025.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Article 36FA was inserted by S.I. 2019/1067."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Article 36A was inserted by S.I. 2013/1881."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "2001 asp 10."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2025/9780348272055/article/3",
    "retrieved_at": "2026-10-30T14:39:09.526869+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}