The Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (revoked)

1. Introductory Text

2. PART I CITATION, COMMENCEMENT AND INTERPRETATION

   1. 1. Citation and commencement

   2. 2. Interpretation: general

   3. 3. Interpretation: unlisted companies

3. PART II CONTROLLED ACTIVITIES AND CONTROLLED INVESTMENTS

   1. 4. Definition of controlled activities and controlled investments

4. PART III EXEMPTIONS: INTERPRETATION AND APPLICATION

   1. 5. Interpretation: financial promotion restriction

   2. 6. Interpretation: communications

   3. 7. Interpretation: real time communications

   4. 8. Interpretation: solicited and unsolicited real time communications

   5. 9. Degree of prominence to be given to required indications

   6. 10. Application to qualifying contracts of insurance

   7. 11. Combination of different exemptions

5. PART IV EXEMPT COMMUNICATIONS: ALL CONTROLLED ACTIVITIES

   1. 12. Communications to overseas recipients

   2. 13. Communications from customers and potential customers

   3. 14. Follow up non-real time communications and solicited real time communications

   4. 15. Introductions

   5. 16. Exempt persons

   6. 17. Generic promotions

   7. 18. Mere conduits

   8. 19. Investment professionals

   9. 20. Communications by journalists

   10. 20A. Promotion broadcast by company director etc.

6. PART V EXEMPT COMMUNICATIONS: DEPOSITS AND INSURANCE

   1. 21. Interpretation: relevant insurance activity

   2. 22. Deposits: non-real time communications

   3. 23. Deposits: real time communications

   4. 24. Relevant insurance activity: non-real time communications

   5. 25. Relevant insurance activity: non-real time communications: reinsurance and large risks

   6. 26. Relevant insurance activity: real time communication

7. PART VI EXEMPT COMMUNICATIONS: CERTAIN CONTROLLED ACTIVITIES

   1. 27. Application of exemptions in this Part

   2. 28. One off non-real time communications and solicited real time communications

   3. 28A. One off unsolicited real time communications

   4. 29. Communications required or authorised by enactments

   5. 30. Overseas communicators: solicited real time communications

   6. 31. Overseas communicators: non-real time communications to previously overseas customers

   7. 32. Overseas communicators: unsolicited real time communications to previously overseas customers

   8. 33. Overseas communicators: unsolicited real time communications to knowledgeable customers

   9. 34. Governments, central banks etc.

   10. 35. Industrial and provident societies

   11. 36. Nationals of EEA States other than United Kingdom

   12. 37. Financial markets

   13. 38. Persons in the business of placing promotional material

   14. 39. Joint enterprises

   15. 40. Participants in certain recognised collective investment schemes

   16. 41. Bearer instruments: promotions required or permitted by market rules

   17. 42. Bearer instruments: promotions to existing holders

   18. 43. Members and creditors of certain bodies corporate

   19. 44. Members and creditors of open-ended investment companies

   20. 45. Group companies

   21. 46. Qualifying credit to bodies corporate

   22. 47. Persons in the business of disseminating information

   23. 48. Certified high net worth individuals

   24. 49. High net worth companies, unincorporated associations etc.

   25. 50. Sophisticated investors

   26. 51. Associations of high net worth or sophisticated investors

   27. 52. Common interest group of a company

   28. 53. Settlors, trustees and personal representatives

   29. 54. Beneficiaries of trust, will or intestacy

   30. 55. Communications by members of professions

   31. 55A. Non-real time communication by members of professions

   32. 56. Remedy following report by Parliamentary Commissioner for Administration

   33. 57. Persons placing promotional material in particular publications

   34. 58. Acquisition of interest in premises run by management companies

   35. 59. Annual accounts and directors' report

   36. 60. Participation in employee share schemes

   37. 61. Sale of goods and supply of services

   38. 62. Sale of body corporate

   39. 63. Takeovers of relevant unlisted companies: interpretation

   40. 64. Takeovers of relevant unlisted companies

   41. 65. Takeovers of relevant unlisted companies: warrants etc.

   42. 66. Takeovers of relevant unlisted companies: application forms

   43. 67. Promotions required or permitted by market rules

   44. 68. Promotions in connection with admission to certain EEA markets

   45. 69. Promotions of securities already admitted to certain markets

   46. 70. Promotions in connection with listing applications

   47. 71. Promotions included in listing particulars etc.

   48. 72. Promotions included in prospectus for public offer of unlisted securities

   49. 73. Material relating to prospectus for public offer of unlisted securities

8. PART VII TRANSITIONAL PROVISION

   1. 74. Approval of communication prior to Order coming into force

9. Signature

10. 1. SCHEDULE 1

       1. PART I CONTROLLED ACTIVITIES

          1. 1. Accepting deposits

          2. 2. Effecting and carrying out contracts of insurance

          3. 3. Dealing in securities and contractually based investments

          4. 4. Arranging deals in investments

          5. 5. Managing investments

          6. 6. Safeguarding and administering investments

          7. 7. Advising on investments

          8. 8. Advising on syndicate participation at Lloyd's

          9. 9. Providing funeral plan contracts

          10. 10. Providing qualifying credit

          11. 11. Agreeing to carry on specified kinds of activity

       2. PART II CONTROLLED INVESTMENTS

          1. 12. A deposit.

          2. 13. Rights under a contract of insurance.

          3. 14. (1) Shares or stock in the share capital of—

          4. 15. Instruments creating or acknowledging indebtedness

          5. 16. Government and public securities

          6. 17. Instruments giving entitlements to investments

          7. 18. Certificates representing certain securities

          8. 19. Units in a collective investment scheme

          9. 20. Rights under a stakeholder pension scheme

          10. 21. Options

          11. 22. Futures

          12. 23. Contracts for differences etc.

          13. 24. Lloyd’s syndicate capacity and syndicate membership

          14. 25. Funeral plan contracts

          15. 26. Agreements for qualifying credit

          16. 27. Rights to or interests in investments

          17. 28. Interpretation

    2. SCHEDULE 2

       COUNTRIES AND TERRITORIES

       1. 1. The Bailiwick of Guernsey.

       2. 2. The Isle of Man.

       3. 3. The Commonwealth of Pennsylvania.

       4. 4. The State of Iowa.

       5. 5. The Bailiwick of Jersey.

    3. SCHEDULE 3

       MARKETS AND EXCHANGES

       1. PART I Criteria for relevant EEA markets

       2. PART II Certain investment exchanges operating relevant EEA markets

       3. PART III Certain non-EEA investment exchanges operating relevant markets

       4. PART IV Other Relevant Markets

    4. SCHEDULE 4

       TAKEOVERS OF RELEVANT UNLISTED COMPANIES

       1. PART I Requirements Relating to the Offer

          1. 1. The terms of the offer must be recommended by all...

          2. 2. (1) This paragraph applies to an offer for debentures or...

          3. 3. (1) This paragraph applies to an offer for shares comprised...

          4. 4. (1) Subject to sub-paragraph (2), the offer must be open...

          5. 5. The acquisition of the shares or debentures to which the...

          6. 6. The consideration for the shares or debentures must be—

       2. PART II Accompanying Material

          1. 7. An indication of the identity of the offeror and, if...

          2. 8. An indication of the fact that the terms of the...

          3. 9. An indication to the effect that any person who is...

          4. 10. An indication that, except insofar as the offer may be...

          5. 11. An indication of the date on which the invitation or...

          6. 12. An indication that the acquisition of the shares or debentures...

          7. 13. An indication of the place where additional material listed in...

          8. 14. The audited accounts of the company in respect of the...

          9. 15. Advice to the directors of the company on the financial...

          10. 16. An indication by the directors of the company, acting as...

          11. 17. An indication of any material interest which any director has...

          12. 18. An indication as to whether or not each director intends...

          13. 19. In the case of an offeror which is a body...

          14. 20. If the offeror is making the offer on behalf of...

          15. 21. An indication that each of the following—

          16. 22. The particulars of— (a) all shares in or debentures of...

          17. 23. An indication as to whether or not the offer is...

          18. 24. Where the offer is conditional upon acceptances, an indication of...

          19. 25. If the offer is, or has become, unconditional an indication...

          20. 26. An indication as to whether or not, if circumstances arise...

          21. 27. If shares or debentures are to be acquired for cash,...

          22. 28. (1) Subject to sub-paragraph (2), if the consideration or any...

          23. 29. Particulars of the first dividend in which any such shares...

          24. 30. An indication of the effect of the acceptance on the...

          25. 31. Particulars of all material contracts (not being contracts which were...

          26. 32. Particulars of the terms on which shares in or debentures...

          27. 33. An indication as to whether or not it is proposed,...

          28. 34. An indication as to whether or not there exists any...

          29. 35. An indication whether or not the offeror has reason to...

          30. 36. An indication as to whether or not there is any...

          31. 37. Particulars of any dealings— (a) in the shares in or...

          32. 38. In a case in which the offeror is a body...

          33. 39. Where valuations of assets are given in connection with the...

          34. 40. If any profit forecast is given in connection with the...

       3. PART III Additional Material Available for Inspection

          1. 41. The memorandum and articles of association of the company.

          2. 42. If the offeror is a body corporate, the memorandum and...

          3. 43. In the case of a company that does not fall...

          4. 44. In the case of an offeror which is required to...

          5. 45. In the case of a company or an offeror—

          6. 46. All existing contracts of service entered into for a period...

          7. 47. Any report, letter, valuation or other document any part of...

          8. 48. If the offer document contains any statement purporting to have...

          9. 49. All material contracts (if any) of the company and of...

11. Explanatory Note