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The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2006
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Arranging regulated home reversion plans and regulated home purchase plans
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4. 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.
(2) Making arrangements with a view to a person who participates in the arrangements entering into a regulated home purchase plan as home purchaser is also a specified kind of activity.”.
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