Article 13 Advising on regulated sale and rent back agreements

After article 53C (advising on regulated home purchase plans) insert—

“Advising on regulated sale and rent back agreements

53D.

Advising a person is a specified kind of activity if the advice—

(a)

is given to the person (“A”) in A’s capacity as—

(i)

an agreement seller or potential agreement seller, or

(ii)

an agreement provider or potential agreement provider; and

(b)

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

(i)

entering into a particular 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 as agreement seller or agreement provider, in such a way so as to vary A’s obligations under that agreement.”.