Section 55J(6B)

Without prejudice to the generality of subsections (1) to (3), the FCA may, in relation to an authorised person who is a mortgage intermediary and who has a Part 4A permission to carry on a relevant mortgage activity, exercise its power under this section to cancel the Part 4A permission or to vary the Part 4A permission by removing a relevant mortgage activity from the activities to which the permission relates, if it appears to the FCA that any of the following conditions is met— during a period of at least six months, the person has not carried on a relevant mortgage activity; the person obtained the Part 4A permission to carry on a relevant mortgage activity by making a false statement or by any other irregular means; the person no longer meets the conditions which the person was ... required to meet in order to be granted a Part 4A permission to carry on a relevant mortgage activity; or the person has seriously or systematically infringed any provision made by or under this Act which sets the operating conditions for mortgage intermediaries ....

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Source: legislation.gov.uk · retrieved 2026-09-04