F1PART 7Transitional and saving provision: exemption from the general prohibition
Annotations:
Amendments (Textual)
CHAPTER 3Exemption from the general prohibition: regulation
Restriction on financial promotion58
In respect of a person to whom regulation 47 applies, section 21 of the 2000 Act (restrictions on financial promotion) has effect as if—
a
in subsection (2), paragraph (b) were omitted;
b
after that subsection there were inserted—
2A
Subsection (2)(a) only applies to a person in so far as the communication is necessary for the performance of a pre-existing contract (within the meaning of regulation 68 of the EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018).
Pt. 7 inserted (1.3.2019) by The Financial Services Contracts (Transitional and Saving Provision) (EU Exit) Regulations 2019 (S.I. 2019/405), regs. 1(2), 3