# Finance Act 2014, Section 236J: Disclosure to clients and intermediaries


(1) A person (“P”) subject to a stop notice who (at any time) has promoted arrangements falling within the description specified in that notice, or has promoted a proposal for such arrangements, must give a notice to—
(a) each of P's clients in relation to those arrangements or that proposal, and
(b) each person who P could reasonably be expected to know is an intermediary in relation to any such proposal.
(2) The notice must—
(a) set out the fact that a person is subject to a stop notice,
(b) set out the fact that the arrangements or proposed arrangements the recipient of the notice is a client or intermediary in relation to meets the description of arrangements specified in the notice, and
(c) be accompanied with a copy of the stop notice.
(3) A person (“C”) is a client of P if—
(a) P has made a firm approach to C in relation to a proposal for arrangements that fall within the description specified in the stop notice,
(b) P has made the proposal available for implementation by C, or
(c) P has provided services to C in relation to arrangements falling within the description specified in the stop notice, or in relation to a proposal for such arrangements.
(4) A notice under this section must be given—
(a) to each person who was a client of P on or before the day on which P became aware that P was subject to the notice, within 5 days of that day;
(b) to each person that P could reasonably be expected to know was an intermediary in relation to the proposal in question on or before the day on which P became aware that P was subject to the notice, within 5 days of that day;
(c) to each person that P subsequently becomes aware is an intermediary in relation to the proposal in question, within 5 days of P becoming so aware.

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Source: https://www.legislation.gov.uk/ukpga/2014/26/section/236J (the official version)
Page: https://openlegislation.uk/finance-act-2014/section-236J
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.