Textual Amendments
F1Pt. 2 Ch. 15C inserted (1.7.2009 for specified purposes, 30.6.2010 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2009 (S.I. 2009/1342), arts. 1(2), 17
63K. A person who is not an authorised person does not carry on an activity of the kind specified by article 63J(2) in relation to a regulated sale and rent back agreement where that person—
(a)arranges for another person, being an authorised person with permission to carry on an activity of that kind, to administer the agreement; or
(b)administers the agreement during a period of not more than one month beginning with the day on which any such arrangement comes to an end.
63L. A person who is not an authorised person does not carry on an activity of the kind specified by article 63J(2) in relation to a regulated sale and rent back agreement where that person administers the agreement pursuant to an agreement with an authorised person who has permission to carry on activity of that kind.
63M. Article 63J is also subject to the exclusions in article 66 (trustees etc.), 72 (overseas persons) [F2, 72A (information society services)[F3, 72AA (managers of UCITS and AIFs) and 72G (local authorities)]].]
Textual Amendments
F2Words in art. 63M substituted (22.7.2013) by The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 2 para. 1(6)
F3Words in art. 63M substituted (14.2.2014 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2014 (S.I. 2014/366), art. 1(3)(4), 2(41)