Article 53D Advising on regulated sale and rent back agreementsF1

United Kingdom

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.

Annotations

Textual amendments

F1: Art. 53D inserted (1.7.2009 for specified purposes, 30.6.2010 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2009 (S.I. 2009/1342), arts. 1(2), 13