Article 9 Exclusion made in the course of administration by authorised person

In article 29A (arrangements made in the course of administration by authorised person) after paragraph (3) insert—

“(4)

A person who is not an authorised person (“A”) does not carry on an activity of the kind specified by article 25E(1)(b) as a result of—

(a)

anything done by an authorised person (“B”) in relation to a regulated sale and rent back agreement which B is administering pursuant to an arrangement of the kind mentioned in article 63K(a); or

(b)

anything A does in connection with the administration of a regulated sale and rent back agreement in circumstances falling within article 63K(b).”.