PART VIExempt Communications: Certain Controlled Activities

Promotions required or permitted by market rules67

1

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

relates to an investment which falls within any of paragraphs 14 to 18 of Schedule 1 and which is permitted to be traded or dealt in on a relevant market; and

c

is required or permitted to be communicated by—

i

the rules of the relevant market;

ii

a body which regulates the market; or

iii

a body which regulates offers or issues of investments to be traded on such a market.

2

“Relevant market” means a market which—

a

meets the criteria specified in Part I of Schedule 3; or

b

is specified in, or established under the rules of an exchange specified in, Part II or III of that Schedule.