Article 9 Exclusion of arrangements made in the course of administration by authorised personI1

After article 29 of the Regulated Activities Order insert—

“Arrangements made in the course of administration by authorised person

29A.

A person who is not an authorised person (“A”) does not carry on an activity of the kind specified by article 25A(1)(b) as a result of—

(a)

anything done by an authorised person (“B”) in relation to a regulated mortgage contract which B is administering pursuant to an arrangement of the kind mentioned in article 62(a); or

(b)

anything A does in connection with the administration of a regulated mortgage contract in circumstances falling within article 62(b).”.