HM Treasury Updates On Financial Promotion Exemptions

News
Written By Carlin Sewell

The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (“FPO”) allows unauthorised businesses to communicate Financial Promotions in the UK to certain types of natural or legal persons without requiring the Financial Promotion to be approved or made by an authorised firm (“Excluded Communication”).

The Government is changing the definition of high-net-worth individual, sophisticated investors or self-certified sophisticated investors and it is their intention to bring the changes into force on 31 January 2024.

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Carlin Sewell
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