PART II SPECIFIED ACTIVITIES

Chapter XIIAdvising on Investments

The activity

F1Advising on regulated home reversion plans53B

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.