{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000/schedule-2/paragraph-23A",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000/schedule-2/paragraph-23A.json",
  "legislation": "ukpga/2000/8",
  "legislation_title": "Financial Services and Markets Act 2000",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000",
  "path": "schedule/2/paragraph/23A",
  "kind": "paragraph",
  "number": "23A",
  "heading": null,
  "text": "(1) Rights under any arrangement for the provision of finance under which the person providing the finance either—\n(a) acquires a major interest in land from the person to whom the finance is provided, or\n(b) disposes of a major interest in land to that person,\nas part of the arrangement.\n(2) References in sub-paragraph (1) to a “major interest” in land are to—\n(a) in relation to land in England or Wales—\n(i) an estate in fee simple absolute, or\n(ii) a term of years absolute,\nwhether subsisting at law or in equity;\n(b) in relation to land in Scotland—\n(i) the interest of an owner of land, or\n(ii) the tenant's right over or interest in a property subject to a lease;\n(c) in relation to land in Northern Ireland—\n(i) any freehold estate, or\n(ii) any leasehold estate,\nwhether subsisting at law or in equity.\n(3) It is immaterial for the purposes of sub-paragraph (1) whether either party acquires or (as the case may be) disposes of the interest in land—\n(a) directly, or\n(b) indirectly.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 2 para. 23A inserted (19.2.2006) by Regulation of Financial Services (Land Transactions) Act 2005 (c. 24), ss. 1, 2(2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2000/8/schedule/2/paragraph/23A",
    "retrieved_at": "2026-10-29T09:21:21.899993+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}