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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.

relevant credit agreement relating to the purchase of land

    123in accordance with article 60E (7) of the Regulated Activities Order:

      1. (a) a borrower-lender-supplier agreement financing:
        1. (i) the purchase of land; or
        1. (ii) the provision of dwellings on land;
        and secured by a legal or equitable mortgage132 on that land;
      1. (b) a borrower-lender agreement secured by a legal or equitable mortgage132 on land; or
      1. (c) a borrower-lender-supplier agreement financing a transaction which is a linked transaction in relation to:
        1. (i) an agreement falling within (a), or
        1. (ii) an agreement falling within (b) financing:
          1. (aa) the purchase of land; or
          1. (bb) the provision of dwellings on land,
        and secured by a legal or equitable mortgage132 on the land referred to in (a) or the land referred to in (c)(ii).