Regulation 18 Restriction on Financial PromotionI1

in subsection (2), for paragraph (a) there were substituted—

“(a)

A is a relevant incoming provider carrying on an activity to which regulation 11 of the 2019 Regulations applies;”;

in that subsection, paragraph (b) were omitted;

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 12 of the 2019 Regulations).

(2B)

For the purpose of subsections (2)(a) and (2A)—

• “the 2019 Regulations” means the Electronic Commerce and Solvency 2 (Amendment etc. ) (EU Exit) Regulations 2019;

• “relevant incoming provider” has the meaning given in regulation 28 of the 2019 Regulations.”