| Commentary

292 Reorganisations by agreement

| Commentary

292 Reorganisations by agreement

If a reorganisation is not implemented by means of a scheme under Section 110 of the Insolvency Act 1986 or Part 26 of the Companies Act 2006, it will presumably be carried out by the agreement of all the interested parties1. It is in this situation that there is the gravest risk of contravening the rules on financial promotions2.

There are various exceptions3 from the statutory requirement requiring financial promotions to be approved by an authorised person. One of those exceptions might seem to offer some comfort as it deals with the situation where a promotion is

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