{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-financial-promotion-order-2005/schedule-1/paragraph-10B",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-financial-promotion-order-2005/schedule-1/paragraph-10B.json",
  "legislation": "uksi/2005/1529",
  "legislation_title": "The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-financial-promotion-order-2005",
  "path": "schedule/1/paragraph/10B",
  "kind": "paragraph",
  "number": "10B",
  "heading": "Advising on qualifying credit etc.",
  "text": "(1) Advising a person is a controlled activity if the advice is—\n(a) given to the person in his capacity as a borrower or potential borrower; and\n(b) advice on the merits of his doing any of the following—\n(i) entering into an agreement for the provision of qualifying credit, or\n(ii) varying the terms of a regulated mortgage contract falling within sub-paragraph (1A) in such a way as to vary his obligations under that contract.\n(1A) A regulated mortgage contract falls within this sub-paragraph if—\n(a) the contract was entered into on or after 31st October 2004; or\n(b) the contract—\n(i) was entered into before 31st October 2004; and\n(ii) was a regulated credit agreement immediately before 21st March 2016.\n(2) In this paragraph, “borrower” and “regulated mortgage contract” have the meaning given by article 61(3) of the Regulated Activities Order.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Sch. 1 para. 10B(1) substituted (17.3.2016 for specified purposes, 21.3.2016 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2016 (S.I. 2016/392), arts. 1(2)(3)(c), 6(5)(a) (with Pt. 5)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Sch. 1 para. 10B(1A) inserted (17.3.2016 for specified purposes, 21.3.2016 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2016 (S.I. 2016/392), arts. 1(2)(3)(c), 6(5)(b) (with Pt. 5)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2005/1529/schedule/1/paragraph/10B",
    "retrieved_at": "2026-10-29T04:57:52.457126+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."
}