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PART VIU.K.Exempt Communications: Certain Controlled Activities

[F1Registered societies]U.K.

35.  The financial promotion restriction does not apply to any communication which—

(a)is a non-real time communication or a solicited real time communication;

(b)is communicated by [F2a registered society]; and

(c)relates only to an investment falling within paragraph 15 [F3or 15A] of Schedule 1 issued, or to be issued, by the society in question.