Paragraph 10K Advising on a regulated sale and rent back agreementF1

Advising a person (“A”) is a controlled activity if the advice is—

(a)

given to A in A’s capacity as agreement seller, potential agreement seller, agreement provider or potential agreement provider; and

(b)

advice on the merits of A doing either of the following—

(i)

entering into a regulated sale and rent back agreement, or

(ii)

varying the terms of a regulated sale and rent back agreement, entered into on or after 1st July 2009 by A, in such a way as to vary A’s obligations under that agreement.

Annotations

Textual amendments

F1: Sch. 1 paras. 10I-10K inserted (1.7.2009 for specified purposes, 30.6.2010 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2009 (S.I. 2009/1342), arts. 1(2), 30(4)(a)