| Commentary

23 Banking

| Commentary

23 Banking

The Financial Services and Markets Act 2000 brought mandatory controls over the advertising of many banking services under one regulator1, the Financial Services Authority. It also substantially replaced all previous banking legislation2. Relevant activity on the part of banks for these purposes includes the marketing of deposit-taking and investment activities3. Exemptions are provided from the controls for promotions relating to deposit-taking in certain circumstances. For instance, if the communication in question is made, whether from inside or outside the United Kingdom, to a person who receives the communication outside the United Kingdom

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