21 Restrictions on financial promotion

Financial promotion

21  Restrictions on financial promotion

(1)     A person (“A”) must not, in the course of business, communicate an invitation or inducement[—

(a)]     to engage in investment activity[, or

(b)     to engage in claims management activity].

(2)     But subsection (1) does not apply if—

(a)     A is an authorised person; or

(b)     the content of the communication is approved for the purposes of this section by an authorised person.

(3)     In the case of a communication originating outside the United Kingdom, subsection (1) applies only if the communication is capable of having an effect in the United Kingdom.

<(4)     The Treasury may by order specify circumstances in which a person is to be regarded for the purposes of subsection (1) as—<

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