Article 58 Acquisition of interest in premises run by management companies

(1)

“Management company” means a company established for the purpose of—

(a)

managing the common parts or fabric of premises used for residential or business purposes; or

(b)

supplying services to such premises.

(2)

The financial promotion restriction does not apply to any non-real time communication or solicited real time communication if it relates to an investment falling within paragraph 14 of Schedule 1 which—

(a)

is issued, or to be issued, by a management company; and

(b)

is to be acquired by any person in connection with the acquisition of an interest in the premises in question.