PART II SPECIFIED ACTIVITIES

Chapter XIIAdvising on Investments

The activity

F1Advising on regulated sale and rent back agreements53D

Advising a person is a specified kind of activity if the advice—

a

is given to the person (“A”) in A’s capacity as—

i

an agreement seller or potential agreement seller, or

ii

an agreement provider or potential agreement provider; and

b

is advice on the merits of A doing either of the following—

i

entering into a particular regulated sale and rent back agreement; or

ii

varying the terms of a regulated sale and rent back agreement entered into on or after 1st July 2009 by A as agreement seller or agreement provider, in such a way so as to vary A’s obligations under that agreement.