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The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005
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- UK Statutory Instruments
- 2005 No. 1529
- PART VI
- Article 51
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Changes over time for: Section 51
Version Superseded: 08/06/2023
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- 01/07/2005- Amendment
- 01/07/2005
Point in time - 08/06/2023- Amendment
- 07/10/2023- Amendment
- 31/01/2024- Amendment
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Associations of high net worth or sophisticated investorsU.K.
51. The financial promotion restriction does not apply to any non-real time communication or solicited real time communication which—
(a)is made to an association, or to a member of an association, the membership of which the person making the communication believes on reasonable grounds comprises wholly or predominantly persons who are—
(i)certified or self-certified high net worth individuals within the meaning of article 48;
(ii)high net worth persons falling within article 49(2)(a) to (d);
(iii)certified or self-certified sophisticated investors within the meaning of article 50 or 50A; and
(b)relates only to an investment under the terms of which a person cannot incur a liability or obligation to pay or contribute more than he commits by way of investment.
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