Status: You are viewing the version of the handbook as on 2015-11-02.

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 the advice:

      1. (a) 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.

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