{
  "url": "https://openlegislation.uk/financial-services-act-1986-investment-advertisements-exemptions-order-1996",
  "json_url": "https://openlegislation.uk/financial-services-act-1986-investment-advertisements-exemptions-order-1996.json",
  "id": "uksi/1996/1586",
  "title": "The Financial Services Act 1986 (Investment Advertisements) (Exemptions) Order 1996",
  "short_title": "Financial Services Act 1986 (Investment Advertisements) (Exemptions) 1996",
  "long_title": "This Order provides for certain exemptions from the restrictions on advertising imposed by section 57 of the Financial Services Act 1986. It revokes the Financial Services Act 1986 (Investment Advertisements) (Exemptions) Order 1995 and reproduces its provisions with amendments to articles 4 and 10 relating to the sending of dematerialised instructions and certain other minor amendments.",
  "citation": "S.I. 1996/1586",
  "type": "uksi",
  "year": "1996",
  "number": "1586",
  "version": "current",
  "date": "1996-06-19",
  "revised": false,
  "valid_from": null,
  "extent": null,
  "unapplied_effects": 6,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/financial-services-act-1986-investment-advertisements-exemptions-order-1996/introduction",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/1",
      "kind": "article",
      "number": "1",
      "heading": "Citation and Commencement",
      "url": "https://openlegislation.uk/financial-services-act-1986-investment-advertisements-exemptions-order-1996/article-1",
      "extent": null,
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    },
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      "heading": "Interpretation",
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      "extent": null,
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    },
    {
      "path": "article/3",
      "kind": "article",
      "number": "3",
      "heading": "Investment advertisements issued by body corporate to members or creditors",
      "url": "https://openlegislation.uk/financial-services-act-1986-investment-advertisements-exemptions-order-1996/article-3",
      "extent": null,
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    },
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      "path": "article/4",
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      "number": "4",
      "heading": "Investment advertisements relating to relevant securities",
      "url": "https://openlegislation.uk/financial-services-act-1986-investment-advertisements-exemptions-order-1996/article-4",
      "extent": null,
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    },
    {
      "path": "article/5",
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      "heading": "Investment advertisements relating to relevant bearer securities issued by body corporate",
      "url": "https://openlegislation.uk/financial-services-act-1986-investment-advertisements-exemptions-order-1996/article-5",
      "extent": null,
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    },
    {
      "path": "article/6",
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      "heading": "Investment advertisements issued in connection with employees’ share schemes",
      "url": "https://openlegislation.uk/financial-services-act-1986-investment-advertisements-exemptions-order-1996/article-6",
      "extent": null,
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    },
    {
      "path": "article/7",
      "kind": "article",
      "number": "7",
      "heading": "Groups",
      "url": "https://openlegislation.uk/financial-services-act-1986-investment-advertisements-exemptions-order-1996/article-7",
      "extent": null,
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      "parent": null
    },
    {
      "path": "article/8",
      "kind": "article",
      "number": "8",
      "heading": "Joint enterprises",
      "url": "https://openlegislation.uk/financial-services-act-1986-investment-advertisements-exemptions-order-1996/article-8",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/9",
      "kind": "article",
      "number": "9",
      "heading": "Sale of goods and supply of services",
      "url": "https://openlegislation.uk/financial-services-act-1986-investment-advertisements-exemptions-order-1996/article-9",
      "extent": null,
      "status": null,
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    },
    {
      "path": "article/10",
      "kind": "article",
      "number": "10",
      "heading": "Overseas persons",
      "url": "https://openlegislation.uk/financial-services-act-1986-investment-advertisements-exemptions-order-1996/article-10",
      "extent": null,
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    },
    {
      "path": "article/11",
      "kind": "article",
      "number": "11",
      "heading": "Advertisements issued to persons sufficiently expert to understand the risks involved",
      "url": "https://openlegislation.uk/financial-services-act-1986-investment-advertisements-exemptions-order-1996/article-11",
      "extent": null,
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    },
    {
      "path": "article/12",
      "kind": "article",
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      "heading": "Advertisements relating to matters of common interest",
      "url": "https://openlegislation.uk/financial-services-act-1986-investment-advertisements-exemptions-order-1996/article-12",
      "extent": null,
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    },
    {
      "path": "article/13",
      "kind": "article",
      "number": "13",
      "heading": "Advertisements by trustees or personal representatives",
      "url": "https://openlegislation.uk/financial-services-act-1986-investment-advertisements-exemptions-order-1996/article-13",
      "extent": null,
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    },
    {
      "path": "article/14",
      "kind": "article",
      "number": "14",
      "heading": "Advertisements issued by operators of schemes recognised under section 87 or 88 of the Act",
      "url": "https://openlegislation.uk/financial-services-act-1986-investment-advertisements-exemptions-order-1996/article-14",
      "extent": null,
      "status": null,
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    },
    {
      "path": "article/15",
      "kind": "article",
      "number": "15",
      "heading": "Publications and programmes containing investment advice",
      "url": "https://openlegislation.uk/financial-services-act-1986-investment-advertisements-exemptions-order-1996/article-15",
      "extent": null,
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    },
    {
      "path": "article/16",
      "kind": "article",
      "number": "16",
      "heading": "Advertisements by certain markets",
      "url": "https://openlegislation.uk/financial-services-act-1986-investment-advertisements-exemptions-order-1996/article-16",
      "extent": null,
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    },
    {
      "path": "article/17",
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      "heading": "Management companies",
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      "extent": null,
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    },
    {
      "path": "article/18",
      "kind": "article",
      "number": "18",
      "heading": "Advertisements in respect of the Parliamentary Commissioner for Administration",
      "url": "https://openlegislation.uk/financial-services-act-1986-investment-advertisements-exemptions-order-1996/article-18",
      "extent": null,
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    },
    {
      "path": "article/19",
      "kind": "article",
      "number": "19",
      "heading": "Revocations",
      "url": "https://openlegislation.uk/financial-services-act-1986-investment-advertisements-exemptions-order-1996/article-19",
      "extent": null,
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    },
    {
      "path": "signature",
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      "heading": "Signature",
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      "extent": null,
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    },
    {
      "path": "schedule/1",
      "kind": "schedule",
      "number": "1",
      "heading": "RELEVANT EEA MARKETS",
      "url": null,
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    },
    {
      "path": "schedule/1/part/I",
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      "heading": "EXCHANGES OPERATING RELEVANT EEA MARKETS",
      "url": "https://openlegislation.uk/financial-services-act-1986-investment-advertisements-exemptions-order-1996/schedule-1/part-I",
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    },
    {
      "path": "schedule/1/part/II",
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      "number": "II",
      "heading": "CRITERIA RELEVANT TO DEFINITION OF “RELEVANT EEA MARKET”",
      "url": "https://openlegislation.uk/financial-services-act-1986-investment-advertisements-exemptions-order-1996/schedule-1/part-II",
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    {
      "path": "schedule/2",
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      "number": "2",
      "heading": "EXCHANGES RELEVANT TO DEFINITION OF APPROVED SECURITIES MARKET AND FOR THE PURPOSES OF ARTICLE 16",
      "url": "https://openlegislation.uk/financial-services-act-1986-investment-advertisements-exemptions-order-1996/schedule-2",
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    {
      "path": "schedule/3",
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      "heading": "OTHER MARKETS RELEVANT FOR THE PURPOSES OF ARTICLE 16",
      "url": "https://openlegislation.uk/financial-services-act-1986-investment-advertisements-exemptions-order-1996/schedule-3",
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    },
    {
      "path": "schedule/4",
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      "heading": "ADVERTISEMENTS RELATING TO MATTERS OF COMMON INTEREST",
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      "affecting_title": "The Financial Services Act 1986 (Investment Advertisements) (Exemptions) Order 1997",
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      "affecting_title": "The Financial Services Act 1986 (Investment Advertisements) (Exemptions) Order 1997",
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      "affecting_title": "The Scotland Act 1998 (Consequential Modifications) (No.2) Order 1999",
      "affecting_provisions": "Sch. 2 para. 161"
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      "id": "ukpga/1986/60",
      "title": "Financial Services Act 1986 (repealed)",
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  "provenance": {
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    "retrieved_at": "2026-10-29T12:41:33.830642+00:00"
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  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}