# The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, Article 53A: Advising on regulated mortgage contracts

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

(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 falling within paragraph (1A) entered into by him ... in such a way as to vary his obligations under that contract.
(1A) A regulated mortgage contract falls within this paragraph if—
(a) the contract was entered into on or after 31st October 2004; or
(b) the contract—
(i) was entered into before 31st October 2004; and
(ii) was a regulated credit agreement immediately before 21st March 2016.
(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/2001/544/article/53A (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-regulated-activities-order-2001/article-53A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.