Scope of this PrACTice Note

The exemptions to the Financial promotion restriction are contained in the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, SI 2005/1529 (FPO), as has been amended from time to time (eg by the Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019, SI 2019/632). For more information about the financial promotion restriction, see Practice Note: The financial promotion regime—essentials.

The FPO exemptions apply to communications relating to all kinds of controlled activity. The FPO exemptions to the restriction are split into three different categories:

1. •

   those applying all controlled activities (Pt IV)

2. •

   those applying to Deposits and insurance (Pt V), and

3. •

   those applying to certain controlled activities (Pt VI)

This Practice Note looks at the exemptions that apply to communications relating to deposits and contracts of insurance other than life policies. These exemptions can be combined with the exemptions for all controlled activities (FPO, SI 2005/1529, Pt IV, ss 12–20C).

Broadly, the effect of the exemptions in Pt V is:

1. •

   to remove the financial promotion