Translate the text from English to Welsh.



 
Financial regulatory changes that exempt developers wishing to participate in the Help to Buy – Wales scheme from obtaining a Consumer Credit Licence


As Minister for Housing and Regeneration, my overarching priority is to increase the supply of houses in Wales.  As part of this work, I launched the Help to Buy – Wales scheme in January of this year: a £170 million shared equity loan scheme designed to support home ownership, stimulate building activity and provide a welcome boost to the housing sector.


The scheme has already made an important contribution to restoring confidence in the Welsh construction sector, something that has been reflected in the most recent housing statistics that show an increase in the number of new sites under development across Wales.  However, in light of this progress, I have also been looking at ways to extend the benefits of the initiative to a wider selection of both developers and buyers by addressing any barriers to participation.


Based upon responses from Assembly Members, constituents and the building industry more generally, it is clear that the legal requirement for builders to obtain a consumer credit licence before registering with the Help to Buy – Wales scheme has acted as a significant deterrent given the costs involved in obtaining this licence from the Financial Conduct Authority.  


Whilst financial regulation is a non\-devolved issue, I have been pressing the UK Government to amend the legislation in this area.  I am very pleased that the UK Government has taken the decision to table the following Statutory Instrument: The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 3\) Order 2014\.  Full details of which can be found at:


http://www.legislation.gov.uk/uksi/2014/1740/contents/made


This legislation has the effect that, as of today (28 July 2014\), all builders wishing to participate in the Help to Buy – Wales scheme are no longer required to hold a consumer credit licence in order to participate in the scheme.  As a result, I have amended the registration process for developers to reflect this, as outlined on the Help to Buy – Wales website:


http://helptobuywales.co.uk/builder\-registration/how\-to\-register


 


“This statement is being issued during recess in order to keep members informed. Should members wish me to make a further statement or to answer questions on this when the Assembly returns I would be happy to do so.”


 


 


 


 


 


 


 


 


 


 


 


 


 


 







Translation:


 
Newidiadau i reoliadau ariannol yn eithrio datblygwyr sydd am gymryd rhan yn y cynllun Cymorth i Brynu \- Cymru rhag gorfod cael Trwydded Credyd Defnyddwyr.

Fel Gweinidog Tai ac Adfywio, fy mhrif flaenoriaeth yw cynyddu'r cyflenwad tai yng Nghymru.  Fel rhan o'r gwaith hwn, lansiwyd cynllun Cymorth i Brynu \- Cymru gennyf ym mis Ionawr eleni: cynllun benthyciadau ecwiti a rennir gwerth £170 miliwn, sydd wedi'i lunio i helpu pobl i fod yn berchnogion ar eu tai, ysgogi gwaith adeiladu, a rhoi hwb gwerthfawr i'r sector dai.

Mae'r cynllun eisoes wedi gwneud cyfraniad gwerthfawr i godi hyder yn y sector adeiladu yng Nghymru, rhywbeth sydd wedi'i adlewyrchu yn yr ystadegau tai diweddaraf sy'n dangos cynnydd yn nifer y safleoedd newydd sy'n cael eu datblygu ar draws Cymru.  Fodd bynnag, yng ngoleuni'r cynnydd hwn, rwyf hefyd wedi bod yn edrych ar ffyrdd o ehangu manteision y fenter i ddetholiad ehangach o ddatblygwyr a phrynwyr, drwy roi sylw i unrhyw rwystrau rhag cymryd rhan.

Ar sail ymatebion gan Aelodau'r Cynulliad, etholwyr a'r diwydiant adeiladu'n gyffredinol, mae'n amlwg bod y gofyniad cyfreithiol i adeiladwyr gael trwydded credyd defnyddwyr cyn cofrestru gyda'r cynllun Cymorth i Brynu \- Cymru wedi bod yn rhwystr sylweddol gan gofio'r costau perthnasol wrth gael y drwydded gan yr Awdurdod Ymddygiad Ariannol.  

Er nad yw rheoliadau ariannol yn fater sydd wedi'i ddatganoli, rwyf wedi bod yn pwyso ar Lywodraeth y DU i ddiwygio'r ddeddfwriaeth yn y maes hwn.  Rwy'n falch iawn bod Llywodraeth y DU wedi penderfynu cyflwyno'r Offeryn Statudol canlynol: The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 3\) Order 2014\.  I gael rhagor o fanylion, ewch i:

http://www.legislation.gov.uk/uksi/2014/1740/contents/made

Dan y ddeddfwriaeth hon, o heddiw (28 Gorffennaf 2014\) ymlaen, nid oes gofyn bellach i adeiladwyr sydd am gymryd rhan yn y cynllun Cymorth i Brynu \- Cymru gael trwydded credyd defnyddwyr er mwyn cymryd rhan yn y cynllun.  O ganlyniad, rwyf wedi diwygio'r broses gofrestru ar gyfer datblygwyr er mwyn adlewyrchu hyn, fel y gwelir ar wefan Cymorth i Brynu \- Cymru:

http://helptobuywales.co.uk/builder\-registration/how\-to\-register

“Mae'r datganiad hwn yn cael ei gyhoeddi yn ystod y toriad er mwyn rhoi'r wybodaeth ddiweddaraf i aelodau. Os bydd aelodau am i mi wneud datganiad pellach neu ateb cwestiynau am y mater hwn pan fydd y Cynulliad wedi ailymgynnull, byddaf yn fwy na pharod i wneud hynny.”