Mortgages: Occupied Territories

(asked on 6th January 2016) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what advice the Financial Conduct Authority provides to UK banks and building societies offering mortgages on properties in the Occupied Palestinian. Territories.


Answered by
Harriett Baldwin Portrait
Harriett Baldwin
This question was answered on 12th January 2016

Under the definition of a regulated mortgage contract in article 61(3)(a) of the Financial Services and Markets Act (Regulated Activities) Order 2001, passed by Parliament, the Financial Conduct Authority (FCA) does not regulate mortgage activities where the mortgaged property is not in the UK.


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