# The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, Article 72F: Credit agreements offered to employees by employers

Extent: E+W+S+N.I.

(1) The financial promotion restriction does not apply to any communication which is made to an employee by or on behalf of a person in relation to an exempt staff loan.
(2) In this article, “an exempt staff loan” means a credit agreement within the meaning of article 60B (regulated credit agreements) of the Regulated Activities Order which is—
(a) offered by a lender to a borrower as an incident of employment with the lender, or with an undertaking in the same group as the lender; and
(b) an exempt agreement for the purposes of Chapter 14A (regulated credit agreements) of the Regulated Activities Order by virtue of a provision of article 60G (exempt agreements: exemptions relating to the total charge for credit) of that Order other than paragraph (2) of that article.

---
Source: https://www.legislation.gov.uk/uksi/2005/1529/article/72F (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-financial-promotion-order-2005/article-72F
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.