# The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, Article 53DA: Advising on regulated credit agreements for the acquisition of land

Extent: E+W+S+N.I.

(1) Advising a person (“P”) is a specified kind of activity if—
(a) the advice is given to P in P's capacity as a recipient of credit, or potential recipient of credit, under a regulated credit agreement;
(b) P intends to use the credit to acquire or retain property rights in land or in an existing or projected building; and
(c) the advice consists of the provision of personal recommendations to P in respect of one or more transactions relating to regulated credit agreements entered into, or to be entered into, on or after 21st March 2016.
(2) In this article—
(a) a reference to any land or building—
(i) in relation to an agreement entered into before IP completion day, is a reference to any land or building in the United Kingdom or within the territory of an EEA State;
(ii) in relation to an agreement entered into on or after IP completion day, is a reference to any land or building in the United Kingdom;
(b) “regulated credit agreement” has the meaning given by article 60B(3).

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Source: https://www.legislation.gov.uk/uksi/2001/544/article/53DA (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-regulated-activities-order-2001/article-53DA
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.