PART II SPECIFIED ACTIVITIES
Chapter XIIAdvising on Investments
The activity
F1Advising on regulated credit agreements for the acquisition of land53DA
1
Advising a person (“P”) is a specified kind of activity if—
a
the advice is given to P in P's capacity as a recipient of credit, or potential recipient of credit, under a regulated credit agreement;
b
P intends to use the credit to acquire or retain property rights in land or in an existing or projected building; and
c
the advice consists of the provision of personal recommendations to P in respect of one or more transactions relating to regulated credit agreements.
2
In this article “regulated credit agreement” has the meaning given by article 60B(3).