# The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, Paragraph 4B: Credit broking

Extent: E+W+S+N.I.

(1) Each of the following is a controlled activity—
(a) effecting an introduction of an individual or relevant recipient of credit to a person who enters into as lender relevant credit agreements (other than credit agreements which are exempt agreements under the relevant provisions) by way of business;
(b) effecting an introduction of an individual or relevant recipient of credit to a person who, by way of business, enters into as owner regulated consumer hire agreements or agreements which would be regulated consumer hire agreements but for article 60O (exempt agreements: exemptions relating to nature of agreement) or article 60Q (exempt agreements: exemptions relating to the nature of the hirer) of the Regulated Activities Order;
(c) effecting an introduction of an individual or relevant recipient of credit to a person who carries on an activity of the kind specified in paragraph (a) or (b) by way of business;
(d) presenting or offering an agreement which would (if entered into) be a relevant credit agreement (other than a credit agreement which is an exempt agreement under the relevant provisions) to an individual or relevant recipient of credit;
(e) assisting an individual or relevant recipient of credit by undertaking preparatory work in respect of a relevant credit agreement (other than a credit agreement which is an exempt agreement under the relevant provisions);
(f) entering into a relevant credit agreement (other than a credit agreement which is an exempt agreement under the relevant provisions) on behalf of a lender.
(1A) But an activity is not a controlled activity falling within sub-paragraph (1) to the extent that it is a controlled activity falling within paragraph 10A (arranging qualifying credit etc.).
(2) For the purposes of paragraph (1)—
(a) “relevant provisions” are article 60E(5) (exempt agreements: exemptions relating to the nature of the lender) and article 60F(exempt agreements: exemptions relating to number of repayments to be made) of the Regulated Activities Order;
(b) it is immaterial whether the relevant credit agreement or the consumer hire agreement is subject to the law of a country other than the United Kingdom.

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Source: https://www.legislation.gov.uk/uksi/2005/1529/schedule/1/paragraph/4B (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-financial-promotion-order-2005/schedule-1/paragraph-4B
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.