PART VIExempt Communications: Certain Controlled Activities

Nationals of EEA States other than United Kingdom36

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 a national of an EEA State other than the United Kingdom in the course of any controlled activity lawfully carried on by him in that State; and

c

conforms with any rules made by the Authority under section 145 of the Act (financial promotion rules) which are relevant to a communication of that kind.