Article 27 Amendments of the Financial Services and Markets Act 2000 (Carrying on Regulated Activities by Way of Business) Order 2001

In the Financial Services and Markets Act 2000 (Carrying on Regulated Activities by Way of Business) Order 2001^f1 after article 3C (arranging and advising on regulated home purchase plans) insert—

“Arranging and advising on regulated sale and rent back agreements

3D.

A person is not to be regarded as carrying on by way of business an activity specified by—

(a)

article 25E of the Regulated Activities Order (arranging regulated sale and rent back agreements);

(b)

article 53D of that Order (advising on regulated sale and rent back agreements); or

(c)

article 64 of that Order (agreeing), so far as relevant to either of the articles mentioned in sub-paragraphs (a) and (b),

unless that person carries on the business of engaging in that activity.”.