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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 15 Exclusion of advice given in the course of administration by authorised person

In article 54A (advice given in the course of administration by authorised person) -

(a) the existing text becomes paragraph (1);

(b) after paragraph (1) insert -

"(2) A person who is not an authorised person ("A") does not carry on an activity of the kind specified by article 53B by reason of -

(a) anything done by an authorised person ("B") in relation to a regulated home reversion plan which B is administering pursuant to arrangements of the kind mentioned in article 63C(a); or

(b) anything A does in connection with the administration of a regulated home reversion plan in circumstances falling within article 63C(b).

(3) A person who is not an authorised person ("A") does not carry on an activity of the kind specified by article 53C by reason of -

(a) anything done by an authorised person ("B") in relation to a regulated home purchase plan which B is administering pursuant to arrangements of the kind mentioned in article 63G(a); or

(b) anything A does in connection with the administration of a regulated home purchase plan in circumstances falling within article 63G(b).".