Paragraph 7 Financial Services and Markets Act 2000 (Regulated Activities) Order 2001

(1)

The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 M1 is amended as follows.

(2)

In article 61 (regulated mortgage contracts), for paragraph (4)(d), substitute—

“(d)
“timeshare accommodation” means overnight accommodation which is the subject of a timeshare contract within the meaning of the Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010.”.

(3)

In article 63J (entering into and administering regulated sale and rent back agreements) for paragraph (4)(b) substitute—

“(b)
“timeshare accommodation” means overnight accommodation which is the subject of a timeshare contract within the meaning of the Timeshare, Holiday Products, Resale and Exchange Contracts Regulations 2010; and”.

Annotations

Marginal citations

M1: S.I. 2001/544; relevant amending instruments are SI 2001/3544, SI 2006/2383 and SI 2009/1342.