# The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 1) Order 2003, Article 13: Advising on regulated mortgage contracts

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

After article 53 of the Regulated Activities Order insert—
“Advising on regulated mortgage contracts
53A. (1) Advising a person is a specified kind of activity if the advice—
(a) is given to the person in his capacity as a borrower or potential borrower; and
(b) is advice on the merits of his doing any of the following—
(i) entering into a particular regulated mortgage contract, or
(ii) varying the terms of a regulated mortgage contract entered into by him after the coming into force of article 61 in such a way as to vary his obligations under that contract.
(2) In this article, “borrower” has the meaning given by article 61(3)(a)(i).”.

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Source: https://www.legislation.gov.uk/uksi/2003/1475/article/13 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-regulated-activities-amendment-no-1-order-2003/article-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.