Hilary Benn – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Hilary Benn on 2016-01-06.

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.

Harriett Baldwin

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.