-
(1)
This sourcebook3 applies to every firm that:1
13- (a)
carries on a home finance activity3 (subject to 31the business loan application provisions3); or
3 - (b)
communicates or approves a financial promotion of qualifying credit, of a home purchase plan,6of a home reversion plan3or of a regulated sale and rent back agreement.6
36
- (a)
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(2)
Where a firm has outsourced activities to a third party processor, any rule in MCOB which requires the third party processor, when acting as such, to disclose its identity to a customer must be read as requiring disclosure of the identity of the firm (or appointed representative, as appropriate) which is taking responsibility for the acts and omissions of the third party processor when carrying on the outsourced activities.1
1
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