Article 53C Advising on regulated home purchase plansF1

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

(a)

is given to the person in his capacity as a home purchaser or potential home purchaser; and

(b)

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

(i)

entering into a particular regulated home purchase plan, or

(ii)

varying the terms of a regulated home purchase plan, entered into on or after 6th April 2007 by him, in such a way as to vary his obligations under that plan.

Annotations

Textual amendments

F1: Arts. 53B, 53C inserted (6.11.2006 for specified purposes, 6.4.2007 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2006 (S.I. 2006/2383), arts. 1(2), 13