Article 2 The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001

The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001^f1 is amended as follows—

(a)

in article 60F (exempt agreements: exemptions relating to number of repayments to be made), in paragraph (2)(b) for “four” substitute “twelve”; and

(b)

in article 60G (exempt agreements: exemptions relating to the total charge for credit), in paragraph (5)(b)(i) for sub-paragraph (bb) substitute—

“(bb)
offered by a lender to a borrower as an incident of the borrower’s employment with the lender or with an undertaking in the same group as the lender;”.

Annotations

Footnotes

f1: S.I. 2001/544, as amended by S.I. 2013/1881, 2014/366 and 2014/1850. There are other amendments, but they are not relevant.