The Financial Services & Markets Act was supposed to 'clarify and rationalise' the financial promotion regime. But, writes Carol Shutkever, the scope of the new regime is much wider and more complicated than the one it replaced
The financial promotion restriction is one of the most important aspects of the regime introduced by the Financial Services and Markets Act 2000 (FSMA) for lawyers and their business clients. It sets the boundaries of what can and cannot be communicated about investments without the involvement of a financial adviser.
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