{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-amendment-eu-exit-regulations-2019/regulation-140",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-amendment-eu-exit-regulations-2019/regulation-140.json",
  "legislation": "uksi/2019/632",
  "legislation_title": "The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-amendment-eu-exit-regulations-2019",
  "path": "regulation/140",
  "kind": "regulation",
  "number": "140",
  "heading": "Article 60G (exempt agreements: exemptions relating to the total charge for credit)",
  "text": "(1) Article 60G (exempt agreements: exemptions relating to the total charge for credit) is amended as follows.\n(2) In paragraph (2A)(a) , for “of a type described in Article 3(1) of the mortgages directive” substitute “ one to which subsection (2) of section 423A of the Act applies ”.\n(3) In paragraph (2A)(b)—\n(a) for “of such a type” substitute “ one to which that subsection applies ”;\n(b) in paragraph (i), for “of a kind to which the mortgages directive does not apply by virtue of Article 3(2) of that directive” substitute “ one to which subsection (3) of that section applies ”;\n(c) in paragraph (ii) omit “within the meaning of Article 4(23) of the mortgages directive”.\n(4) In paragraph (8) , for “of a type described in Article 3(1) of the mortgages directive” substitute “ to which subsection (2) of section 423A of the Act applies ”.\n(5) After that paragraph insert—\n“(9) In this article “bridging loan” means a mortgage agreement that—\n(a) is of no fixed duration or is due to be repaid within 12 months, and\n(b) is used by a consumer, within the meaning given by section 423A(4) of the Act, as a temporary financing solution while transitioning to another financial arrangement for the immovable property concerned.”.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "Article 60G was inserted by S.I. 2013/1881."
    },
    {
      "type": "M",
      "label": "M2",
      "text": "Paragraph (2A) was inserted by S.I. 2015/910 and was amended by S.I. 2016/392."
    },
    {
      "type": "M",
      "label": "M3",
      "text": "Paragraph (8) was inserted by S.I. 2015/910 and was amended by S.I. 2016/392."
    },
    {
      "type": "C",
      "label": "C1",
      "text": "Pts. 3-6 modified in part (31.12.2020) by The Gibraltar (Miscellaneous Amendments) (EU Exit) Regulations 2019 (S.I. 2019/680), regs. 1(2), 11(1)(4)(5) (with reg. 11(8)-(10)) (as amended by S.I. 2020/1301, regs. 1, 3, Sch. para. 40(f)); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 140 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2019/632/regulation/140",
    "retrieved_at": "2026-10-28T22:43:51.496494+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."
}