Article 15 Exclusion of advice given in the course of administration by authorised personI1I2

the existing text becomes paragraph (1);

after paragraph (1) insert—

“(2)

A person who is not an authorised person (“A”) does not carry on an activity of the kind specified by article 53B by reason of—

(a)

anything done by an authorised person (“B”) in relation to a regulated home reversion plan which B is administering pursuant to arrangements of the kind mentioned in article 63C(a); or

(b)

anything A does in connection with the administration of a regulated home reversion plan in circumstances falling within article 63C(b).

(3)

A person who is not an authorised person (“A”) does not carry on an activity of the kind specified by article 53C by reason of—

(a)

anything done by an authorised person (“B”) in relation to a regulated home purchase plan which B is administering pursuant to arrangements of the kind mentioned in article 63G(a); or

(b)

anything A does in connection with the administration of a regulated home purchase plan in circumstances falling within article 63G(b).”.