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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

home purchaser

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    the individual (or trustees), specified in article 63F(3) of the Regulated Activities Order, who in summary:

      1. (a) is (or are) obliged under a home purchase plan to buy the interest in land bought by the home purchase provider (as defined in article 63F(3) of the Regulated Activities Order) over the course of or at the end of a specified period; and
      1. (b)
        1. (i) in the case of an individual, is entitled under the arrangement to occupy at least 40% of the land in question as or in connection with a dwelling and intends to do so; or
        1. (ii) in the case of trustees, are trustees of a trust a beneficiary of which is an individual described in (i).