After article 53A (advising on regulated mortgage contracts) insert -

"Advising on regulated home reversion plans

53B. Advising a person is a specified kind of activity if the advice -

(a) is given to the person in his capacity as -

(i) a reversion seller or potential reversion seller, or

(ii) a plan provider or potential plan provider; and

(b) is advice on the merits of his doing either of the following -

(i) entering into a particular regulated home reversion plan, or

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

Advising on regulated home purchase plans

53C. 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