Part X Rules and Guidance

Chapter I Rule-making Powers

Specific rules

I1145 Financial promotion rules.

1

The Authority may make rules applying to authorised persons about the communication by them, or their approval of the communication by others, of invitations or inducements—

a

to engage in investment activity; or

b

to participate in a collective investment scheme.

2

Rules under this section may, in particular, make provision about the form and content of communications.

3

Subsection (1) applies only to communications which—

a

if made by a person other than an authorised person, without the approval of an authorised person, would contravene section 21(1);

b

may be made by an authorised person without contravening section 238(1).

4

“Engage in investment activity” has the same meaning as in section 21.

5

The Treasury may by order impose limitations on the power to make rules under this section.