The Financial Services and Markets Act 2000 (Financial Promotion) (Amendment) (No. 2) Order 2023

  1. Introductory Text

  2. 1.Citation, commencement and extent

  3. 2.Amendment of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005

  4. 3.In article 2(1) (interpretation), after the definition of “financial promotion...

  5. 4.In article 22(3) (deposits: non-real time communications), omit the definition...

  6. 5.Omit article 24(3) (relevant insurance activity: non-real time communications).

  7. 6.(1) Article 48 (certified high net worth individuals) is amended...

  8. 7.(1) Article 50A (self-certified sophisticated investors) is amended as follows....

  9. 8.In article 51 (associations of high net worth or sophisticated...

  10. 9.(1) Schedule 5 (statements for certified high net worth individuals...

  11. 10.Amendment of the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2001

  12. 11.In article 2(1) after the definition of “close relative” insert—...

  13. 12.(1) Article 21 (certified high net worth individuals) is amended...

  14. 13.(1) Article 23A (self-certified sophisticated investors) is amended as follows....

  15. 14.In article 24 (Associations of high net worth or sophisticated...

  16. 15.(1) In the heading for the Schedule, omit “Certified”.

  17. 16.Miscellaneous amendments relating to ‘high net worth individuals’

  18. 17.(1) The Insolvency (Northern Ireland) Order 1989 is amended in...

  19. 18.(1) Article 72F(1) of the Financial Services and Markets Act...

  20. 19.Amendment of the Financial Services and Markets Act 2000 (Exemptions from Financial Promotion General Requirement) Regulations 2023

  21. Signature

  22. SCHEDULES

    1. SCHEDULE 1

      High Net Worth Individual Investor Statement

    2. SCHEDULE 2

      Self-Certified Sophisticated Investor Statement

    3. SCHEDULE 3

      High Net Worth Individual Investor Statement

    4. SCHEDULE 4

      Self-Certified Sophisticated Investor Statement

  23. Explanatory Note