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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

You are viewing the version of the document as on 2012-12-13.

Status: In this content, we have included all amendments made by EU exit-related instruments up to end September 2020. There will be more amendments to be made later this year, further to the September QCP.

MCOB 3.4 Purpose

MCOB 3.4.1G
  1. (1)

    Section 21(1) of the Act (Restriction on financial promotion) imposes a restriction on the communication of financial promotions by unauthorised persons. A person must not, in the course of business, communicate a financial promotion1 unless:

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    1. (a)

      he is an authorised person; or

    2. (b)

      the content of the financial promotion1 is approved by an authorised person.

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  2. (2)

    However, the Financial Promotion Order exempts from the restriction created by section 21(1) of the Act certain types of financial promotions.

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MCOB 3.4.2G
  1. (1)

    The purpose of this chapter is to provide rules and guidance for a firm which wishes to communicate or approve a financial promotion of qualifying credit,2 a home reversion plan or a regulated sale and rent back agreement2.1

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  2. (2)

    This chapter amplifies, for activities within its scope Principle 6 (Customers' interests) and Principle 7 (Communications with clients).1

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