Explanatory Note
(This note is not part of the Order)
The order provides various exemptions from the restrictions on advertising imposed by section 57 of the Financial Services Act 1986. Article 2 of the order concerns advertisements directed at informing or influencing persons of the kind described in the article. Articles 3 and 4 give certain indications as to whether an advertisement may be regarded as being directed at informing or influencing persons of the relevant kind. Article 5 of the order concerns advertisements relating to an investment falling within any of paragraphs 1 to 5 of Schedule 1 to the Financial Services Act 1986 which is traded or dealt in on a market of a kind referred to in the article. Article 6 of the order concerns advertisements issued or caused to be issued by a market of a kind referred to in the article which identify a particular investment falling within paragraph 7, 8 or 9 of Schedule 1 to the Financial Services Act as one which can be traded or dealt in on the market.