Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

COMP 5.6 1Protected home finance mediation2

COMP 5.6.1R

Protected home finance mediation2 is:

2
  1. (1)

    advising on a home finance transaction;2 or

    2
  2. (2)

    arranging (bringing about) a home finance transaction;2 or

    2
  3. (3)

    making arrangements with a view to a home finance transaction2; or

    2
  4. (4)

    agreeing to carry on a regulated activity in (1) to (3); or

  5. (5)

    the activities of a home finance provider2 which would be arranging but for article 28A of the Regulated Activities Order (Arranging contracts or plans2 to which the arranger is a party);

    2

provided that the condition in COMP 5.6.2 R is satisfied.

COMP 5.6.2R

COMP 5.6.1 R applies only if the protected home finance mediation2 was carried on by a relevant person with a customer who was a resident in the United Kingdom5 at the time the protected home finance mediation was carried on.

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COMP 5.6.3R

3This section does not apply in respect of a regulated mortgage contract which is:4

  1. (1)

    4a legacy CCA mortgage contract; or

  2. (2)

    4a CBTL credit agreement.