Regulation 162 Introduction and transitional provisionC1I1
United Kingdom
The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 M1 is amended as set out in this Part.
Nothing in this Part causes a communication to constitute a breach of the prohibition in subsection (1) of section 21 of the Financial Services and Markets Act 2000 M2 (restrictions on financial promotion) if—
a contract entered into before F1IP completion day required the communication to be made, and
the communication would not have constituted a breach of the prohibition had it been made before F2IP completion day.
Annotations
Textual amendments
- F1
Words in reg. 162(2)(a) substituted (30.12.2020) by The Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020 (S.I. 2020/1301), regs. 1, 3, Sch. para. 33(u)
- F2
Words in reg. 162(2)(b) substituted (30.12.2020) by The Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020 (S.I. 2020/1301), regs. 1, 3, Sch. para. 33(u)
Marginal citations
- M1
- M2
Modifications
- C1
Pts. 3-6 modified in part (31.12.2020) by The Gibraltar (Miscellaneous Amendments) (EU Exit) Regulations 2019 (S.I. 2019/680), regs. 1(2), 11(1)(4)(5) (with reg. 11(8)-(10)) (as amended by S.I. 2020/1301, regs. 1, 3, Sch. para. 40(f)); 2020 c. 1, Sch. 5 para. 1(1)
Commencement
- I1
Reg. 162 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)