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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 6 November 2006 - onwards
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Article 53B Advising on regulated home reversion plans

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.

Comparing proposed amendment...