# The Financial Services Act 1986 (Investment Advertisements) (Exemptions) Order 1997, Article 4: Advertisements issued to persons sufficiently expert to understand the risks involved


Article 11 of the 1996 Order shall be amended as follows:
(a) in paragraph (1) after the words “not an authorised person” there shall be inserted—
“nor a European investment firm carrying on home-regulated investment business in the United Kingdom”
(b) after paragraph (3)(a) there shall be inserted—
“(aa) a European investment firm carrying on home-regulated business in the United Kingdom; or”
(c) at the end of paragraph (4) there shall be inserted—
“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”.

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Source: https://www.legislation.gov.uk/uksi/1997/963/article/4 (the official version)
Page: https://openlegislation.uk/financial-services-act-1986-investment-advertisements-exemptions-order-1997/article-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.