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Regulation 142 Article 60HA (exempt agreements: exemptions not permitted under the mortgages directive)C1I1

United Kingdom

(1)

Article 60HA M1 (exempt agreements: exemptions not permitted under the mortgages directive) is amended as follows.

(2)

In the heading, for “exemptions not permitted under the mortgages directive” substitute “ provision qualifying articles 60E, 60F and 60H ”.

(3)

In paragraph (1) M2, for the words after “article 60E(2) or (5)” substitute “ or 60F(4) if it is a mortgage agreement to which paragraph (2) does not apply ”.

(4)

In paragraph (2)—

(a)

after “This paragraph applies” insert “ to an agreement ”;

(b)

omit paragraph (a);

(c)

in paragraph (b), for “of Article 4(23) of the mortgages directive” substitute “ given by article 60G(9) ”.

Annotations

Marginal citations

M1

Article 60HA was inserted by S.I. 2015/910.

M2

Paragraph (1) was amended by S.I. 2016/392.

Modifications

C1

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)

Commencement

I1

Reg. 142 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)