Persons in the business of disseminating informationU.K.
47.—(1) The financial promotion restriction does not apply to any communication which is made only to recipients whom the person making the communication believes on reasonable grounds to be persons to whom paragraph (2) applies.
(2) This paragraph applies to—
(a)a person who receives the communication in the course of a business which involves the dissemination through a publication of information concerning controlled activities [F1or controlled claims management activities];
(b)a person whilst acting in the capacity of director, officer or employee of a person falling within sub-paragraph (a) being a person whose responsibilities when acting in that capacity involve him in the business referred to in that sub-paragraph;
(c)any person to whom the communication may otherwise lawfully be made.
Textual Amendments
F1Words in art. 47(2)(a) inserted (E.W.S.) (29.11.2018 for specified purposes, 1.4.2019 in so far as not already in force) by The Financial Services and Markets Act 2000 (Claims Management Activity) Order 2018 (S.I. 2018/1253), arts. 1(2)(3), 30