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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.

advising on regulated credit agreements for the acquisition of land

    119the regulated activity, specified in article 53DA of the Regulated Activities Order which is, in summary, advising a person if:174

      1. (a) the advice174 is given to the person in his capacity as a recipient, or potential recipient, of credit under a regulated credit agreement;
      1. (b) the person intends to use the credit to acquire or retain property rights in land or in an existing or projected building; and
      1. (c) the advice consists of the provision of personal recommendations to the person in respect of one or more transactions relating to regulated credit agreements entered into, or to be entered into, on or after 21 March 2016174.

    [Note: article 4(21) of the MCD]