PART II SPECIFIED ACTIVITIES

Chapter VIArranging Deals in Investments

Exclusions

F1Arrangements made in the course of administration by authorised person29A.

F2(1)

A person who is not an authorised person (“A”) does not carry on an activity of the kind specified by article 25A(1)(b) as a result of—

(a)

anything done by an authorised person (“B”) in relation to a regulated mortgage contract which B is administering pursuant to an arrangement of the kind mentioned in article 62(a); or

(b)

anything A does in connection with the administration of a regulated mortgage contract in circumstances falling within article 62(b).

F3(2)

A person who is not an authorised person (“A”) does not carry on an activity of the kind specified by article 25B(1)(b) as a result of—

(a)

anything done by an authorised person (“B”) in relation to a regulated home reversion plan which B is administering pursuant to an arrangement 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 25C(1)(b) as a result of—

(a)

anything done by an authorised person (“B”) in relation to a regulated home purchase plan which B is administering pursuant to an arrangement 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).

F4(4)

A person who is not an authorised person (“A”) does not carry on an activity of the kind specified by article 25E(1)(b) as a result of—

(a)

anything done by an authorised person (“B”) in relation to a regulated sale and rent back agreement which B is administering pursuant to an arrangement of the kind mentioned in article 63K(a); or

(b)

anything A does in connection with the administration of a regulated sale and rent back agreement in circumstances falling within article 63K(b).