Article 4 Amendment of the Financial Services (Distance Marketing) Regulations 2004

After regulation 6 (financial services marketed by an intermediary) of the Financial Services (Distance Marketing) Regulations 2004^f1 insert—

“Intermediaries in relation to certain agreements

6A.

Neither regulation 7 (information required prior to the conclusion of the contract) nor regulation 8 (written and additional information) applies to an intermediary where—

(a)

the distance contract is an agreement—

(i)

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) of the Regulated Activities Order; and

(ii)

to which article 60F(7A) of that Order applies; and

(b)

but for the operation of article 36FB (activities in relation to certain regulated credit agreements) of the Regulated Activities Order, the activity undertaken by the intermediary would be within the scope of article 36A (credit broking) of that Order.”.