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The Financial Services Act 1986 (Restriction of Scope of Act and Meaning of Collective Investment Scheme) Order 1990

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Advice given in sound, television or cable programmes

5.  For paragraph 25A of Schedule 1 to the Act(1) there shall be substituted—

“Advice given in sound, television or cable programmes

25A.—(1) Paragraph 15 above does not apply in respect of any advice given in any programme or teletext transmission—

(a)broadcast, or made for broadcasting, by the British Broadcasting Corporation or by the Independent Broadcasting Authority in accordance with the provisions of the Broadcasting Act 1981(2); or

(b)included, or made for inclusion, in a cable programme service which is, or does not require to be, licensed under the Cable and Broadcasting Act 1984(3); or

(c)broadcast, or made for broadcasting, by the Independent Broadcasting Authority in a DBS service.

(2) In this paragraph—

(a)“DBS service” has the same meaning as in section 37(3) of the Cable and Broadcasting Act 1984;

(b)“programme”, in relation to a television or sound broadcasting service or a cable programme service, includes an advertisement and any other item included in that service; and

(c)“teletext transmission” has the same meaning as in section 14(6) of the Broadcasting Act 1981 and includes any such transmission broadcast in a DBS service or in a service which is an additional teletext service within the meaning of section 47(2) of the Cable and Broadcasting Act 1984.”.

(1)

Paragraph 25A of Schedule 1 to the Financial Services Act 1986 was inserted by article 5 of the Financial Services Act 1986 (Restriction of Scope of Act) Order 1988 (S.I. 1988/318).

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