IntroductionsU.K.
15.—(1) If the requirements of paragraph (2) are met, the financial promotion restriction does not apply to any communication which is made with a view to or for the purposes of introducing the recipient to—
(a)an authorised person who carries on the controlled activity to which the communication relates; or
(b)an exempt person where the communication relates to a controlled activity which is also a regulated activity in relation to which he is an exempt person.
(2) The requirements of this paragraph are that—
(a)the maker of the communication (“A”) is not a close relative of, nor a member of the same group as, the person to whom the introduction is, or is to be, made;
(b)A does not receive from any person other than the recipient any pecuniary reward or other advantage arising out of his making the introduction; and
(c)it is clear in all the circumstances that the recipient, in his capacity as an investor, is not seeking and has not sought advice from A as to the merits of the recipient engaging in investment activity (or, if the client has sought such advice, A has declined to give it, but has recommended that the recipient seek such advice from an authorised person).