PART II SPECIFIED ACTIVITIES

F1Chapter XVBRegulated Home Purchase Plans

Annotations:
Amendments (Textual)
F1

Pt. 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

Exclusions

Arranging administration by authorised person63G

A person who is not an authorised person does not carry on an activity of the kind specified by article 63F(2) in relation to a regulated home purchase 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.

Administration pursuant to agreement with authorised person63H

A person who is not an authorised person does not carry on an activity of the kind specified by article 63F(2) in relation to a regulated home purchase 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.

Other exclusions63I

Article 63F is also subject to the exclusions in articles 66 (trustees etc.), 72 (overseas persons) F2, F5...F372AA (managers of F4UK UCITS and AIFs) and 72G (local authorities).