Citation and commencement _I1

1. —(1) These Regulations may be cited as the Financial Services and Markets Act 2000 (Exemptions from Financial Promotion General Requirement) Regulations 2023.

(2) These Regulations come into force on 27th September 2023.

(3) These Regulations extend to England and Wales, Scotland and Northern Ireland.

Interpretation _I2

2. In these Regulations—

“ the Act ” means the Financial Services and Markets Act 2000 ;

“ appointed representative ” means a person referred to in section 39(2)(a) of the Act.

Exemptions from the general requirement relating to financial promotion approval _I3

^F1 3. Section 55NA(1) (general requirement relating to financial promotion approval) of the Act does not apply to the giving of approval of the content of a communication by an authorised person (“ A ”) ... where the content of the communication is prepared by—

(a) A,

(b) [^F2 an unauthorised person ^F2] , where both A and [^F3 that unauthorised person ^F3] are members of the same group, or

(c) [^F4 an unauthorised person ^F4] , where [^F5 that unauthorised person ^F5] is an appointed representative of A, in relation to any regulated activity comprised in the carrying on of the business for which A, as [^F6 that unauthorised person’s ^F6] principal, has accepted responsibility.