Law

The Financial Services and Markets Act 2000 (Financial Promotion) (Amendment and Transitional Provision) Order 2024

United Kingdom · regulation

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In force since 2024-03-27, as the publisher states.

Copy read on 2026-11-10. The page it was read from

Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.

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Contents: 10 provisions
  1. Title and introductory text
  2. 1 Citation, commencement and extent
  3. 2 Interpretation
  4. 3 Amendment of the PCIS (statements for high net worth individuals and self-certified sophisticated investors)
  5. 4 Amendment of the FPO (statements for high net worth individuals and self-certified sophisticated investors)
  6. 5 Transitional provisions
  7. Schedule 1 High Net Worth Individual Investor Statement
  8. Schedule 2 Self-Certified Sophisticated Investor Statement
  9. Schedule 3 High Net Worth Individual Investor Statement
  10. Schedule 4 Self-Certified Sophisticated Investor Statement

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10 provisions

Title and introductory text

2024 No. 301 FINANCIAL SERVICES AND MARKETS The Financial Services and Markets Act 2000 (Financial Promotion) (Amendment and Transitional Provision) Order 2024 Made 5th March 2024 Laid before Parliament 6th March 2024 Coming into force 27th March 2024 The Treasury make the following Order in exercise of the powers conferred by sections 21(5) and (6), 238(6) and (7), 426(1) and (2) of the Financial Services and Markets Act 2000.

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1 Citation, commencement and extent

(1) This Order may be cited as the Financial Services and Markets Act 2000 (Financial Promotion) (Amendment and Transitional Provision) Order 2024. (2) This Order comes into force on 27th March 2024. (3) This Order extends to England and Wales, Scotland and Northern Ireland.

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2 Interpretation

In this Order— “the FPO” means the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005; “the PCIS” means the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2001.

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3 Amendment of the PCIS (statements for high net worth individuals and self-certified sophisticated investors)

(1) The PCIS is amended as follows. (2) For the statement appended at Part 1 of the Schedule to the PCIS, substitute the statement appended at Schedule 1. (3) For the statement appended at Part 2 of the Schedule to the PCIS, substitute the statement appended at Schedule 2.

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4 Amendment of the FPO (statements for high net worth individuals and self-certified sophisticated investors)

(1) The FPO is amended as follows. (2) For the statement appended at Part 1 of Schedule 5 to the FPO, substitute the statement appended at Schedule 3. (3) For the statement appended at Part 2 of Schedule 5 to the FPO, substitute the statement appended at Schedule 4.

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5 Transitional provisions

(1) Before 31st January 2025, despite the amendment made by article 3(2), Part 1 of the Schedule to the PCIS will be treated as also appending, in the alternative to the statement substituted by article 3(2), the statement appended to Part 1 of the Schedule to the PCIS (as it is immediately before this Order comes into force). (2) Before 31st January 2025, despite the amendment made by article 3(3), Part 2 of the Schedule to the PCIS will be treated as also appending, in the alternative to the statement substituted by article 3(3), the statement appended to Part 2 of the Schedule to the PCIS (as it is immediately before this Order comes into force). (3) Before 31st January 2025, despite the amendment made by article 4(2), Part 1 of Schedule 5 to the FPO will be treated as also appending, in the alternative to the statement substituted by article 4(2), the statement appended to Part 1 of Schedule 5 to the FPO (as it is immediately before this Order comes into force). (4) Before 31st January 2025, despite the amendment made by article 4(3), Part 2 of Schedule 5 to the FPO will be treated as also appending, in the alternative to the statement substituted by article 4(3), the statement appended to Part 2 of Schedule 5 to the FPO (as it is immediately before this Order comes into force). (5) After 30th January 2025, paragraphs (1) to (4) have no effect for any purpose, including in relation to whether an individual has within twelve months completed and signed— (a) a statement complying with Part 1 or Part 2 of the Schedule to the PCIS, or (b) a statement complying with Part 1 or Part 2 of Schedule 5 to the FPO, for the purposes of articles 21(2)(a) or 23A(1)(a) of the PCIS or articles 48(2)(a) or 50A(1)(a) of the FPO, as the case may be.

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Schedule 1 High Net Worth Individual Investor Statement

Article 3(2)

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Schedule 2 Self-Certified Sophisticated Investor Statement

Article 3(3)

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Schedule 3 High Net Worth Individual Investor Statement

Article 4(2)

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Schedule 4 Self-Certified Sophisticated Investor Statement

Article 4(3)

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