24. The scheme promotion restriction does not apply to any non-real time communication or solicited real time communication which—
(a)is made to an association the membership of which the person making the communication believes on reasonable grounds comprises wholly or predominantly persons who are—
(i)certified high net worth individuals within the meaning of article 21;
(ii)high net worth persons falling within article 22(2)(a) to (d);
(iii)certified sophisticated investors within the meaning of article 23; and
(b)does not invite or induce the recipient to enter into an agreement under the terms of which he can incur a liability or obligation to pay or contribute more than he commits by way of investment.