Article 3 Mortgage activities carried on by members of the professions

in article 1(3)(b), for “article 4(h)” substitute “article 6A”;

in article 4, paragraph (h) is revoked;

after article 6 insert—

“6A

(1)

An activity of the kind specified by article 61(1) or (2) of the Regulated Activities Order (regulated mortgage contracts).

(2)

Paragraph (1) does not apply to an activity carried on by a person in his capacity as a trustee or personal representative where the borrower under the regulated mortgage contract in question is a beneficiary under the trust, will or intestacy.”