The Financial Services and Markets Act 2000 (Financial Promotion) Order 2001

Made: 2nd April 2001

Coming into force in accordance with article 1

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART I — CITATION, COMMENCEMENT AND INTERPRETATION

Citation and commencement

1

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Interpretation: general

2

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Interpretation: unlisted companies

3

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART II — CONTROLLED ACTIVITIES AND CONTROLLED INVESTMENTS

Definition of controlled activities and controlled investments

4

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART III — EXEMPTIONS: INTERPRETATION AND APPLICATION

Interpretation: financial promotion restriction

5

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Interpretation: communications

6

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Interpretation: real time communications

7

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Interpretation: solicited and unsolicited real time communications

8

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Degree of prominence to be given to required indications

9

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Application to qualifying contracts of insurance

10

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Combination of different exemptions

11

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART IV — EXEMPT COMMUNICATIONS: ALL CONTROLLED ACTIVITIES

Communications to overseas recipients

12

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Communications from customers and potential customers

13

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Follow up non-real time communications and solicited real time communications

14

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Introductions

15

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Exempt persons

16

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Generic promotions

17

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Mere conduits

18

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Investment professionals

19

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Communications by journalists

20

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART V — EXEMPT COMMUNICATIONS: DEPOSITS AND INSURANCE

Interpretation: relevant insurance activity

21

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Deposits: non-real time communications

22

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Deposits: real time communications

23

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Relevant insurance activity: non-real time communications

24

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Relevant insurance activity: non-real time communications: reinsurance and large risks

25

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Relevant insurance activity: real time communication

26

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART VI — EXEMPT COMMUNICATIONS: CERTAIN CONTROLLED ACTIVITIES

Application of exemptions in this Part

27

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

One off non-real time communications and solicited real time communications

28

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Communications required or authorised by enactments

29

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Overseas communicators: solicited real time communications

30

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Overseas communicators: non-real time communications to previously overseas customers

31

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Overseas communicators: unsolicited real time communications to previously overseas customers

32

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Overseas communicators: unsolicited real time communications to previously overseas customers

33

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Governments, central banks etc.

34

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Industrial and provident societies

35

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Nationals of EEA States other than United Kingdom

36

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Financial markets

37

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Persons in the business of placing promotional material

38

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Joint enterprises

39

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Participants in certain recognised collective investment schemes

40

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Bearer instruments: promotions required or permitted by market rules

41

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Bearer instruments: promotions to existing holders

42

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Members and creditors of certain bodies corporate

43

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Members and creditors of open-ended investment companies

44

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Group companies

45

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Qualifying credit to bodies corporate

46

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Persons in the business of disseminating information

47

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Certified high net worth individuals

48

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

High net worth companies, unincorporated associations etc.

49

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Sophisticated investors

50

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Associations of high net worth or sophisticated investors

51

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Common interest group of a company

52

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Settlors, trustees and personal representatives

53

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Beneficiaries of trust, will or intestacy

54

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Communications by members of professions

55

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Remedy following report by Parliamentary Commissioner for Administration

56

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Persons placing promotional material in particular publications

57

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Acquisition of interest in premises run by management companies

58

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Annual accounts and directors' report

59

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Participation in employee share schemes

60

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Sale of goods and supply of services

61

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Sale of body corporate

62

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Takeovers of relevant unlisted companies: interpretation

63

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Takeovers of relevant unlisted companies

64

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Takeovers of relevant unlisted companies: interpretation

65

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Takeovers of relevant unlisted companies

66

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Promotions required or permitted by market rules

67

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Promotions in connection with admission to certain EEA markets

68

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Promotions of securities already admitted to certain markets

69

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Promotions in connection with listing applications

70

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Promotions included in listing particulars etc.

71

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Promotions included in prospectus for public offer of unlisted securities

72

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Material relating to prospectus for public offer of unlisted securities

73

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART VII — TRANSITIONAL PROVISION

Approval of communication prior to Order coming into force

74

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

SCHEDULE 1

PART I — CONTROLLED ACTIVITIES

Accepting deposits

1

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Effecting and carrying out contracts of insurance

2

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Dealing in securities and contractually based investments

3

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Arranging deals in investments

4

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Managing investments

5

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Safeguarding and administering investments

6

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Advising on investments

7

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Advising on syndicate participation at Lloyd's

8

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Providing funeral plan contracts

9

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Providing qualifying credit

10

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Agreeing to carry on specified kinds of activity

11

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART II — CONTROLLED INVESTMENTS

12

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

13

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

14

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Instruments creating or acknowledging indebtedness

15

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Government and public securities

16

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Instruments giving entitlements to investments

17

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Certificates representing certain securities

18

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Units in a collective investment scheme

19

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Rights under a stakeholder pension scheme

20

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Options

21

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Futures

22

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Contracts for differences etc.

23

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Lloyd’s syndicate capacity and syndicate membership

24

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Funeral plan contracts

25

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Agreements for qualifying credit

26

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Rights to or interests in investments

27

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Interpretation

28

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

SCHEDULE 2 — COUNTRIES AND TERRITORIES

1

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

SCHEDULE 3 — MARKETS AND EXCHANGES

PART I — Criteria for relevant EEA markets

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART II — Certain investment exchanges operating relevant EEA markets

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART III — Certain non-EEA investment exchanges operating relevant markets

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART IV — Other Relevant Markets

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

SCHEDULE 4 — TAKEOVERS OF RELEVANT UNLISTED COMPANIES

PART I — Requirements Relating to the Offer

1

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART II — Accompanying Material

7

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

13

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

14

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

16

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

17

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

18

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

19

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

21

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

22

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

23

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

24

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

25

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

26

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

27

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

28

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

29

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

30

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

31

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

32

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

33

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

34

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

35

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

36

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

37

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

38

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

39

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

40

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART III — Additional Material Available for Inspection

41

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

42

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

43

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

44

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

45

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

46

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

47

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

48

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

49

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Signed

David Clelland — Greg Pope — Two of the Lords Commissioners of Her Majesty’s Treasury — 2nd April 2001

Explanatory note

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Footnotes

[^f00001]: 2000 c. 8.

[^f00002]: 1985 c. 6.

[^f00003]: S.I. 1986/1032 (N.I. 6).

[^f00004]: S.I. 2001/544.

[^f00005]: S.I. 1995/1537; various amendments have been made by the Public Offers of Securities (Amendment) Regulations 1999 (S.I. 1999/734) and the Public Offers of Securities (Amendment No. 2) Regulations 1999 (S.I. 1999/1146).

[^f00006]: 1967 c. 13. This Act has been amended by the Parliamentary Commissioner Act 1994 (c. 14).

[^f00007]: Section 234 was substituted, and section 234A was inserted, by section 8(1) of the Companies Act 1989 (c. 40). Section 234 was subsequently amended by S.I. 1996/189 and S.I. 1997/571.

[^f00008]: Part VII of the 1985 Act has been amended by Part I of the Companies Act 1989 (c. 40) and has subsequently been amended by S.I. 1992/3003 and S.I. 2000/968.

[^f00009]: Section 251 was substituted by section 15 of the Companies Act 1989.

[^f00010]: Chapter II of Part XXIII of the 1985 Act was substituted by section 23 of the Companies Act 1989.

[^f00011]: 1986 c. 53.

[^f00012]: 1968 c. 13.

[^f00013]: 1972 c. 65.

[^f00014]: 1999 c. 30.

Promotion broadcast by company director etc.

20A

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

One off unsolicited real time communications

28A

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Communications required or authorised by enactments

Overseas communicators: solicited real time communications

Overseas communicators: non-real time communications to previously overseas customers

Overseas communicators: unsolicited real time communications to knowledgeable customers

Governments, central banks etc.

Industrial and provident societies

Nationals of EEA States other than United Kingdom

Financial markets

Persons in the business of placing promotional material

Joint enterprises

Participants in certain recognised collective investment schemes

Bearer instruments: promotions required or permitted by market rules

Bearer instruments: promotions to existing holders

Members and creditors of certain bodies corporate

Members and creditors of open-ended investment companies

Group companies

Qualifying credit to bodies corporate

Persons in the business of disseminating information

Certified high net worth individuals

High net worth companies, unincorporated associations etc.

Sophisticated investors

Associations of high net worth or sophisticated investors

Common interest group of a company

Settlors, trustees and personal representatives

Beneficiaries of trust, will or intestacy

Communications by members of professions

Non-real time communication by members of professions

55A

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Remedy following report by Parliamentary Commissioner for Administration

Persons placing promotional material in particular publications

Acquisition of interest in premises run by management companies

Annual accounts and directors' report

Participation in employee share schemes

Sale of goods and supply of services

Sale of body corporate

Takeovers of relevant unlisted companies: warrants etc.

Takeovers of relevant unlisted companies: application forms

Promotions required or permitted by market rules

Promotions in connection with admission to certain EEA markets

Promotions of securities already admitted to certain markets

Promotions in connection with listing applications

Promotions included in listing particulars etc.

Promotions included in prospectus for public offer of unlisted securities

Material relating to prospectus for public offer of unlisted securities

Editorial notes

[^key-c358e0ccd54b73af440c30095a33982c]: Order revoked (1.7.2005) by The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (S.I. 2005/1529), art. 1, Sch. 6 [Editorial note: No historical revised versions have been created for amendments to this S.I. made prior to its final revocation. A revised version of how the S.I. stood at its first commencement is available and, to see the document content as it originally stood when it was made, select the ‘Original (As Made)’ version. For further details of the amendments see the List of All Changes available in ‘More Resources’]