PART 4 U.K.Amendments to the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005

Modifications etc. (not altering text)

C1 Pts. 3-6 modified in part (31.12.2020) by The Gibraltar (Miscellaneous Amendments) (EU Exit) Regulations 2019 (S.I. 2019/680), regs. 1(2), 11(1)(4)(5) (with reg. 11(8)-(10)) (as amended by S.I. 2020/1301, regs. 1, 3, Sch. para. 40(f)); 2020 c. 1, Sch. 5 para. 1(1)

Introduction and transitional provision U.K.

162.—(1) The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 M1 is amended as set out in this Part.

(2) Nothing in this Part causes a communication to constitute a breach of the prohibition in subsection (1) of section 21 of the Financial Services and Markets Act 2000 M2 (restrictions on financial promotion) if—

(a) a contract entered into before [F1 IP completion day] required the communication to be made, and

(b) the communication would not have constituted a breach of the prohibition had it been made before [F2 IP completion day].

Textual Amendments

F1 Words in reg. 162(2)(a) substituted (30.12.2020) by The Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020 (S.I. 2020/1301), regs. 1, 3, Sch. para. 33(u)

F2 Words in reg. 162(2)(b) substituted (30.12.2020) by The Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020 (S.I. 2020/1301), regs. 1, 3, Sch. para. 33(u)

Commencement Information

I1 Reg. 162 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)

Marginal Citations

M1 S.I. 2005/1529.

M2 2000 c.8.