Arranging sale and rent back agreements
This section has no associated Explanatory Memorandum
4. After article 25D (operating a multilateral trading facility) insert—
“Arranging regulated sale and rent back agreements
25E.—(1) Making arrangements—
(a)for another person to enter into a regulated sale and rent back agreement as an agreement seller or as an agreement provider; or
(b)for another person (“A”) to vary the terms of a regulated sale and rent back agreement, entered into on or after 1st July 2009 by A as agreement seller or agreement provider, in such a way as to vary A’s obligations under that agreement,
is a specified kind of activity.
(2) Making arrangements with a view to a person who participates in the arrangements entering into a regulated sale and rent back agreement as agreement seller or agreement provider is also a specified kind of activity.”.