Financial Promotion Order: Exemptions for corporate practice
Financial Promotion Order: Exemptions for corporate practice

The following Financial Services practice note provides comprehensive and up to date legal information covering:

  • Financial Promotion Order: Exemptions for corporate practice
  • Financial Promotion Order: groups of exemption
  • Transaction-based financial promotions
  • Sale of a body corporate
  • Takeovers of unlisted companies
  • Promotions required or permitted by market rules
  • Promotions in connection with admission to certain EEA markets
  • Bearer instruments
  • Other exemptions relating to listing, admission and prospectuses
  • Company-based financial promotions
  • More...

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. Following IP completion day, key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see: Brexit and financial services: materials on the post-Brexit UK/EU regulatory regime.

Financial Promotion Order: groups of exemption

This Practice Note looks at exemptions from the financial promotion restriction which may be relevant to corporate practice. For more information about the financial promotion restriction, see Practice Note: The financial promotion regime—essentials.

There are three groups of exemptions to the financial promotion restriction which are set out in the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005, SI 2005/1529 (FPO). The exemptions are grouped according to activity type:

  1. those applicable to all controlled activities (FPO SI 2005/1529, Pt IV)

  2. those applicable to deposits and insurance (FPO SI 2005/1529, Pt V)), and

  3. those applicable to certain controlled activities (these exclude deposit taking) (FPO SI 2005/1529, Pt VI)

For guidance on the exemptions that apply to all controlled activities, see Practice Note: Exemptions for all controlled activities and for guidance on the exemptions for deposits and insurance see Practice Note: Exemptions for deposits and insurance.

The application of the

Related documents:

Popular documents