{
  "url": "https://openlegislation.uk/draft-mortgage-credit-directive-order-2015/article-19",
  "json_url": "https://openlegislation.uk/draft-mortgage-credit-directive-order-2015/article-19.json",
  "legislation": "ukdsi/2015/9780111130810",
  "legislation_title": "The Mortgage Credit Directive Order 2015",
  "legislation_url": "https://openlegislation.uk/draft-mortgage-credit-directive-order-2015",
  "path": "article/19",
  "kind": "article",
  "number": "19",
  "heading": "Power to direct registered consumer buy-to-let mortgage firms to take appropriate action",
  "text": "(1) The FCA may direct a registered consumer buy-to-let mortgage firm to take such steps as are necessary for the purposes of securing compliance with the requirements of Schedule 2 in respect of the firm’s consumer buy-to-let mortgage business.\n(2) A direction under paragraph (1) may, in particular, require the firm to—\n(a) take specified action,\n(b) refrain from taking specified action,\n(c) review or take remedial action in respect of past conduct.\n(3) A direction under paragraph (1) may also be given to or apply to a person who was a registered consumer buy-to-let mortgage firm, in relation to conduct that occurred while the person was registered.\n(4) The FCA may direct registered consumer buy-to-let mortgage firms as to the steps to be taken where the FCA requires such a firm to appoint a person to make a report pursuant to section 166 of the Act (as applied by article 23(2)).\n(5) A person to whom a direction under paragraph (1) or (4) is given or to whom such a direction applies must comply with the direction.\n(6) Section 55Y (exercise of own-initiative power: procedure) and 55Z3(2) (right to refer matters to the Tribunal) of the Act apply to a direction to a person under paragraph (1) as they apply to a requirement imposed on an authorised person under section 55L(3) of the Act (imposition of requirements by the FCA).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Section 166 was substituted by paragraph 5 of Schedule 12 to the Financial Services Act 2012."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Sections 55L, 55Y and 55Z3 were substituted, together with the rest of Part 4A of the Act, by section 11(2) of the Financial Services Act 2012 (c. 21)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2015/9780111130810/article/19",
    "retrieved_at": "2026-10-30T15:09:54.327491+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."
}