Exclusion made in the course of administration by authorised person
This section has no associated Explanatory Memorandum
9. In article 29A (arrangements made in the course of administration by authorised person) after paragraph (3) insert—
“(4) A person who is not an authorised person (“A”) does not carry on an activity of the kind specified by article 25E(1)(b) as a result of—
(a)anything done by an authorised person (“B”) in relation to a regulated sale and rent back agreement which B is administering pursuant to an arrangement of the kind mentioned in article 63K(a); or
(b)anything A does in connection with the administration of a regulated sale and rent back agreement in circumstances falling within article 63K(b).”.