# The Financial Services and Markets Act 2000 (Financial Promotion) (Amendment) Order 2023, Paragraph 9: Modification to section 137S (financial promotion rules: directions given by FCA)


Section 137S (financial promotion rules: directions given by FCA) applies as if—
(a) in subsection (1)—
(i) for paragraph (a) there was substituted—
“(a) a registered person has made, or proposes to make, a communication, and”;
(ii) in paragraph (b), “or approval” was omitted;
(b) in subsection (2)—
(i) in the words before paragraph (a), for “authorised person” there was substituted “registered person”;
(ii) in paragraph (a), “or approval” was omitted;
(iii) in paragraph (b)—
(aa) “or giving the approval” was omitted;
(bb) “or given” was omitted;
(iv) in paragraph (d), “or approval” was omitted;
(c) in subsection (3), “or approving” were omitted in both places;
(d) in subsection (5)—
(i) in the words before paragraph (a), for “an authorised person” there was substituted “a registered person”;
(ii) in paragraph (a), for “authorised person, and” there was substituted “registered person.”;
(iii) paragraph (b) was omitted;
(e) in subsection (8)—
(i) in paragraph (a), for “persons mentioned in subsection (5)(a) or (b)” there was substituted “registered person”;
(ii) in paragraph (b), “any” was omitted;
(f) in subsection (10), for “those persons” there was substituted “that person”;
(g) subsection (12) was omitted.

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Source: https://www.legislation.gov.uk/ukdsi/2023/9780348246490/schedule/paragraph/9 (the official version)
Page: https://openlegislation.uk/draft-financial-services-and-markets-act-2000-financial-promotion-amendment-order-2023/schedule/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.