Regulation 42 Modifications of Part 2 of the Financial Services and Markets Act 2000F1
In respect of a person to whom regulation 28 or 34 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 46 of the EEA Passport Rights (Amendment, etc., and Transitional Provisions) (EU Exit) Regulations 2018).”
Annotations
Textual amendments
- F1
Pt. 6 inserted (1.3.2019) by The Financial Services Contracts (Transitional and Saving Provision) (EU Exit) Regulations 2019 (S.I. 2019/405), regs. 1(2), 2