Arranging regulated home reversion plans and regulated home purchase plans
4. After article 25A (arranging regulated mortgage contracts) insert—
“Arranging regulated home reversion plans
25B.—(1) Making arrangements—
(a)for another person to enter into a regulated home reversion plan as reversion seller or as plan provider; or
(b)for another person to vary the terms of a regulated home reversion plan, entered into on or after 6th April 2007 by him as reversion seller or as plan provider, in such a way as to vary his obligations under that plan,
is a specified kind of activity.
(2) Making arrangements with a view to a person who participates in the arrangements entering into a regulated home reversion plan as reversion seller or as plan provider is also a specified kind of activity.
Arranging regulated home purchase plans
25C.—(1) Making arrangements—
(a)for another person to enter into a regulated home purchase plan as home purchaser; or
(b)for another person to vary the terms of a regulated home purchase plan, entered into on or after 6th April 2007 by him as home purchaser, in such a way as to vary his obligations under that plan,
is a specified kind of activity.
(2) Making arrangements with a view to a person who participates in the arrangements entering into a regulated home purchase plan as home purchaser is also a specified kind of activity.”.