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

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  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

  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. 29.Communications required or authorised by enactments

    4. 30.Overseas communicators: solicited real time communications

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

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

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

    8. 34.Governments, central banks etc.

    9. 35.Industrial and provident societies

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

    11. 37.Financial markets

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

    13. 39.Joint enterprises

    14. 40.Participants in certain recognised collective investment schemes

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

    16. 42.Bearer instruments: promotions to existing holders

    17. 43.Members and creditors of certain bodies corporate

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

    19. 45.Group companies

    20. 46.Qualifying credit to bodies corporate

    21. 47.Persons in the business of disseminating information

    22. 48.Certified high net worth individuals

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

    24. 50.Sophisticated investors

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

    26. 52.Common interest group of a company

    27. 53.Settlors, trustees and personal representatives

    28. 54.Beneficiaries of trust, will or intestacy

    29. 55.Communications by members of professions

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

    31. 57.Persons placing promotional material in particular publications

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

    33. 59.Annual accounts and directors' report

    34. 60.Participation in employee share schemes

    35. 61.Sale of goods and supply of services

    36. 62.Sale of body corporate

    37. 63.Takeovers of relevant unlisted companies: interpretation

    38. 64.Takeovers of relevant unlisted companies

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

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

    41. 67.Promotions required or permitted by market rules

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

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

    44. 70.Promotions in connection with listing applications

    45. 71.Promotions included in listing particulars etc.

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

    47. 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

    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

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