592. Promoters and introducers.

The disclosure regime1 places obligations2 on certain categories of person defined specifically for the purposes of that regime, principally promoters and introducers.

A 'promoter' is defined by reference to a notifiable proposal3 as a person who, in the course of any trade, profession or business which involves the provision of services relating to taxation (or in the course of business as a bank or securities house)4:


    (1)     is to any extent responsible for the design of the proposed arrangements;


    (2)     makes a firm approach5 to another person in relation to the notifiable proposal with a view to making the notifiable