Content Options

Content Options

View Options

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.

reversion occupier

    42

    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).