Article 40 Participants in certain recognised collective investment schemesC1
United Kingdom
The financial promotion restriction does not apply to any non-real time communication or solicited real time communication which is made—
to persons in the United Kingdom who are participants in any such recognised scheme operated by the person making the communication,
and which relates only to such recognised schemes as are operated by that person or to units in such schemes.
Annotations
Textual amendments
- F1
Words in art. 40(a) inserted (26.2.2024) by The Financial Services Act 2021 (Overseas Funds Regime and Recognition of Parts of Schemes) (Amendment and Modification) Regulations 2024 (S.I. 2024/114), regs. 2, 10
- F2
Words in art. 40(a) omitted (22.7.2013) by virtue of The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 2 para. 19(b)