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—

F2a

for subsection (2) there were substituted—

2

But subsection (1) does not apply if A is a person to whom regulation 47 of the EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018 applies.

b

after that subsection there were inserted—

2A

Subsection (2)F3... 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).