# The Financial Services Act 1986 (Investment Advertisements) (Exemptions) Order 1996, Article 13: Advertisements by trustees or personal representatives


Section 57 of the Act shall not apply to an investment advertisement issued or caused to be issued by a person when acting as a trustee or a personal representative to—
(a) a fellow trustee or personal representative if the advertisement is issued for the purposes of the trust or estate; or
(b) a beneficiary under the trust, will or intestacy if the advertisement concerns his interest in the trust fund or estate.

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Source: https://www.legislation.gov.uk/uksi/1996/1586/article/13 (the official version)
Page: https://openlegislation.uk/financial-services-act-1986-investment-advertisements-exemptions-order-1996/article-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.