Acquisition of interest in premises run by management companiesU.K.
58.—(1) “Management company” means a company established for the purpose of—
(a)managing the common parts or fabric of premises used for residential or business purposes; or
(b)supplying services to such premises.
(2) The financial promotion restriction does not apply to any non-real time communication or solicited real time communication if it relates to an investment falling within paragraph 14 of Schedule 1 which—
(a)is issued, or to be issued, by a management company; and
(b)is to be acquired by any person in connection with the acquisition of an interest in the premises in question.