Financial promotion and related activities (PERG 8)

Application and purpose

Introduction

Financial promotion

Invitation or inducement

In the course of business

Communicate

Engage in investment activity

Having an effect in the United Kingdom

Circumstances where the restriction in section 21 does not apply

Types of financial promotion

Types of exemption under the Financial Promotion Order

Exemptions applying to all controlled activities

Exemptions applying to financial promotions concerning deposits and certain contracts of insurance

Other financial promotions

Financial promotions by members of the professions (articles 55 and 55A)

Financial promotions concerning funeral plans

Financial promotions concerning agreements for qualifying credit

Financial promotions concerning insurance mediation activities

Financial promotions concerning the Lloyd's market

Additional restriction on the promotion of life policies

Additional restriction on the promotion of collective investment schemes

Company statements, announcements and briefings

The Internet

Regulated activities

Advising on investments

Advice must relate to an investment which is a security or contractually based investment

The investment must be a particular investment

Advice to be given to persons in their capacity as investors (on the merits of their investing as principal or agent)

Advice or information

Advice must relate to the merits (of buying or selling a particular investment)

Medium used to give advice or information

Exclusions for advising on investments

Arranging deals in investments

Introducing

The business test

Authorisation and exemption

Illustrative tables