The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 No. 701

SCHEDULE 2 Amendments to the Financial Services and Markets Act 2000

Amendments to Part 9A (rules and guidance)

18.  In section 137R(5)(b)(1) (financial promotion rules)—

(a) in sub-paragraph (i) for “paragraphs 1 to 8 of Article 19” substitute “Articles 24 (general principles and information to clients) and 25 (assessment of suitability and appropriateness and reporting to clients)”; and

(b) for sub-paragraph (ii)(2) substitute—

“(ii) any delegated act adopted under Article 24.13 or 25.8 of that directive,”.

(1)

Section 137R was inserted by section 24(1) of the Financial Services Act 2012.

(2)

Sub-paragraph (ii) was amended by S.I. 2015/910.