PART II SPECIFIED ACTIVITIES
Chapter XIIAdvising on Investments
Exclusions
F1Advice given in the course of administration by authorised person54A
F21
A person who is not an authorised person (“A”) does not carry on an activity of the kind specified by article 53A by reason of—
a
anything done by an authorised person (“B”) in relation to a regulated mortgage contract which B is administering pursuant to arrangements 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).
F32
A person who is not an authorised person (“A”) does not carry on an activity of the kind specified by article 53B by reason of—
a
anything done by an authorised person (“B”) in relation to a regulated home reversion plan which B is administering pursuant to arrangements 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 53C by reason of—
a
anything done by an authorised person (“B”) in relation to a regulated home purchase plan which B is administering pursuant to arrangements 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).