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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 6 April 2007 - onwards
Version 3 of 3

Article 4 Arranging regulated home reversion plans and regulated home purchase plans

After article 25A (arranging regulated mortgage contracts) insert -

"Arranging regulated home reversion plans

25B.

(1) Making arrangements -

(a) for another person to enter into a regulated home reversion plan as reversion seller or as plan provider; or

(b) for another person to vary the terms of a regulated home reversion plan, entered into on or after 6th April 2007 by him as reversion seller or as plan provider, in such a way as to vary his obligations under that plan,

is a specified kind of activity.

(2) Making arrangements with a view to a person who participates in the arrangements entering into a regulated home reversion plan as reversion seller or as plan provider is also a specified kind of activity.

Arranging regulated home purchase plans

25C.

(1) Making arrangements -

(a) for another person to enter into a regulated home purchase plan as home purchaser; or

(b) for another person to vary the terms of a regulated home purchase plan, entered into on or after 6th April 2007 by him as home purchaser, in such a way as to vary his obligations under that plan,

is a specified kind of activity.