A person ("A") must not, in the course of business, communicate an invitation or inducement to
But subsection (1) does not apply if—
The content of a communication may be approved for the purposes of this section by an authorised person only if the giving of the approval—
In the case of a communication originating outside the United Kingdom, subsection (1) applies only if the communication is capable of having an effect in the United Kingdom.
The Treasury may by order specify circumstances in which a person is to be regarded for the purposes of subsection (1) as—
The Treasury may by order specify circumstances (which may include compliance with financial promotion rules) in which subsection (1) does not apply.
An order under subsection (5) may, in particular, provide that subsection (1) does not apply in relation to communications—
The Treasury may by order repeal subsection (3).
"Engaging in investment activity" means—
An activity is a controlled activity if—
An investment is a controlled investment if it is an investment of a specified kind or one which falls within a specified class of investment.
"Engaging in claims management activity" means entering into or offering to enter into an agreement the making or performance of which by either party constitutes a controlled claims management activity.
An activity is a "controlled claims management activity" if—
Schedule 2 (except paragraph 26) applies for the purposes of subsections (9) and (10) with references to section 22 being read as references to each of those subsections.
Nothing in Schedule 2, as applied by subsection (11), limits the powers conferred by subsection (9) or (10).
Paragraph 25 of Schedule 2 applies for the purposes of subsection (10B) with the references to section 22 in sub-paragraph (3) of that paragraph being read as references to subsection (10B).
"Communicate" includes causing a communication to be made.
"Investment" includes any asset, right or interest (including where an asset, right or interest is, or comprises or represents, a cryptoasset).
"Specified" means specified in an order made by the Treasury.