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Textual Amendments
F1Pt. 2 Chs. 15A, 15B inserted (6.11.2006 for specified purposes, 6.4.2007 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2006 (S.I. 2006/2383), arts. 1(2), 18
63C. A person who is not an authorised person does not carry on an activity of the kind specified by article 63B(2) in relation to a regulated home reversion plan where he—
(a)arranges for another person, being an authorised person with permission to carry on an activity of that kind, to administer the plan; or
(b)administers the plan himself during a period of not more than one month beginning with the day on which any such arrangement comes to an end.
63D. A person who is not an authorised person does not carry on an activity of the kind specified by article 63B(2) in relation to a regulated home reversion plan where he administers the plan pursuant to an agreement with an authorised person who has permission to carry on an activity of that kind.
63E. Article 63B is also subject to the exclusions in articles 66 (trustees etc.), 72 (overseas persons) [F2, 72A (information society services) and 72AA (managers of UCITS and AIFs)].]
Textual Amendments
F2Words in art. 63E substituted (22.7.2013) by The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 2 para. 1(6)