{
  "url": "https://openlegislation.uk/financial-services-act-1986-investment-advertisements-exemptions-order-1997/article-4",
  "json_url": "https://openlegislation.uk/financial-services-act-1986-investment-advertisements-exemptions-order-1997/article-4.json",
  "legislation": "uksi/1997/963",
  "legislation_title": "The Financial Services Act 1986 (Investment Advertisements) (Exemptions) Order 1997",
  "legislation_url": "https://openlegislation.uk/financial-services-act-1986-investment-advertisements-exemptions-order-1997",
  "path": "article/4",
  "kind": "article",
  "number": "4",
  "heading": "Advertisements issued to persons sufficiently expert to understand the risks involved",
  "text": "Article 11 of the 1996 Order shall be amended as follows:\n(a) in paragraph (1) after the words “not an authorised person” there shall be inserted—\n“nor a European investment firm carrying on home-regulated investment business in the United Kingdom”\n(b) after paragraph (3)(a) there shall be inserted—\n“(aa) a European investment firm carrying on home-regulated business in the United Kingdom; or”\n(c) at the end of paragraph (4) there shall be inserted—\n“and in paragraphs (1) and (3)(aa) above, “European investment firm” and “home-regulated investment business” have the meanings given by regulation 2 of the Investment Services Regulations 1995”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 1995/3275."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1997/963/article/4",
    "retrieved_at": "2026-10-29T12:10:56.468212+00:00"
  },
  "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."
}