Introduction and transitional provision
This
adran has no associated
Memorandwm Esboniadol
162.—(1) The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005(1) is amended as set out in this Part.
(2) Nothing in this Part causes a communication to constitute a breach of the prohibition in subsection (1) of section 21 of the Financial Services and Markets Act 2000(2) (restrictions on financial promotion) if—
(a)a contract entered into before exit day required the communication to be made, and
(b)the communication would not have constituted a breach of the prohibition had it been made before exit day.
(1)
(2)