Regulation 60 Restrictions on financial promotions

In respect of a person to whom regulation 56 (temporary exemption relating to pre-existing contracts) applies, section 21 of the Act (restrictions on financial promotion) has effect as if for subsection (2) there were substituted—

“(2)

But subsection (1) does not apply if—

(a)

A is a person to whom regulation 56 (temporary exemption relating to pre-existing contracts) of the Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2025 applies, and

(b)

the communication is necessary for the performance of a pre-existing contract (within the meaning of regulation 56 of those Regulations).”.