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reversion occupier

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

      1. (a) is (or are) the person (or persons) from whom all or part of an interest in land is bought as part of an arrangement comprising a home reversion plan; 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).