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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:194

  1. (a) the advice194 is given to the person in his capacity as a recipient, or potential recipient, of credit under a regulated credit agreement;
  2. (b) the person intends to use the credit to acquire or retain property rights in land or in an existing or projected building; and
  3. (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 2016194.

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