# The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, Article 39M: Meaning of “consumer” etc.


(1) For the purposes of sections 1G, 404E and 425A of the Act (meaning of “consumer”), in so far as those provisions relate to a person (“A”) carrying on a regulated activity of the kind specified by article 39F (debt-collecting) or 39G (debt administration), or article 64 (agreeing to carry on specified kinds of activity) so far as relevant to that activity the following are to be treated as a “consumer”—
(a) the borrower under the agreement or the hirer under the consumer hire agreement;
(b) someone who has been the borrower or hirer under that agreement;
(c) a person who is treated by A as a person falling within sub-paragraph (a) or (b).
(2) For the purposes of section 328(8) of the Act (meaning of “clients”) in so far as that provision relates to a person (“A”) carrying on a regulated activity of the kind specified by article 39F or 39G, the following are to be treated as a “client”—
(a) the borrower under the agreement or the hirer under the consumer hire agreement;
(b) someone who has been the borrower or hirer under that agreement;
(c) a person who is treated by A as a person falling within sub-paragraph (a) or (b).
(3) In this article, “borrower” includes (in addition to those persons included in the definition in article 60L)—
(a) any person providing a guarantee or indemnity under the agreement, and
(b) a person to whom the rights and duties of a person falling within sub-paragraph (a) have passed by assignment or operation of law.

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Source: https://www.legislation.gov.uk/uksi/2001/544/article/39M (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-regulated-activities-order-2001/article-39M
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.