The Financial Services and Markets Act 2023 (Mutual Recognition Agreement) (Switzerland) Regulations 2025
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Change 1
39 Amendments to the Financial Promotion Order
In Part 6 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, after article 73ZA insert— Berne Financial Services Agreement suppliers 73ZB (1) The financial promotion restriction does not apply to any communication which is communicated— (a) by a registered Swiss supplier in relation to registered services, (b) to persons whom the registered Swiss supplier reasonably believes are relevant clients, and (c) in relation to relevant financial instruments, where the registered services, relevant clients and relevant financial instruments are all included in the entry for that registered Swiss supplier in the register. (2) In this article— “the register” is the register maintained by the FCA in accordance with regulation 8 of the Swiss Regulations; “registered service” has the same meaning as in Part 1 of the Financial Services and Markets Act 2023 (Mutual Recognition Agreement) (Switzerland) Regulations 2025 (“the Swiss Regulations”); “registered Swiss supplier” has the same meaning as in Part 1 of the Swiss Regulations; “relevant client” has the same meaning as in regulation 7 of the Swiss Regulations; “relevant financial instrument” means any of the financial instruments listed in Annex 5 Section VI paragraphs A(a), (b) and (d) of the Agreement between the United Kingdom of Great Britain and Northern Ireland and the Swiss Confederation on Mutual Recognition in Financial Services concluded on 21st December 2023 at Berne. .
39 Amendments to the Financial Promotion Order
In Part 6 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, after article 73ZA insert— Berne Financial Services Agreement suppliers 73ZB (1) The financial promotion restriction does not apply to any communication which is communicated— (a) by a registered Swiss supplier in relation to registered services, (b) to persons whom the registered Swiss supplier reasonably believes are relevant clients, and (c) in relation to relevant financial instruments, where the registered services, relevant clients and relevant financial instruments are all included in the entry for that registered Swiss supplier in the register. (2) In this article— “the register” is the register maintained by the FCA in accordance with regulation 8 of the Swiss Regulations; “registered service” has the same meaning as in Part 1 of the Financial Services and Markets Act 2023 (Mutual Recognition Agreement) (Switzerland) Regulations 2025 (“the Swiss Regulations”); “registered Swiss supplier” has the same meaning as in Part 1 of the Swiss Regulations; “relevant client” has the same meaning as in regulation 7 of the Swiss Regulations; “relevant financial instrument” means any of the financial instruments listed in Annex 5 Section VI paragraphs A(a), (b) and (d) of the Agreement between the United Kingdom of Great Britain and Northern Ireland and the Swiss Confederation on Mutual Recognition in Financial Services concluded on 21st December 2023 at Berne. .
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