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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - onwards
  Version 11 of 11    

Article 54 Advice given in newspapers etc.

(1) There is excluded from articles 53, 53A, 53B, 53C, 53D, 53DA and 53E the giving of advice in writing or other legible form if the advice is contained in a newspaper, journal, magazine, or other periodical publication, or is given by way of a service comprising regularly updated news or information, if the principal purpose of the publication or service, taken as a whole and including any advertisements or other promotional material contained in it, is neither -

(a) that of giving advice of a kind mentioned in article 53, 53A, 53C, 53D, 53DA or 53E, as the case may be; nor

(b) that of leading or enabling persons -

(i) to buy, sell, subscribe for or underwrite securities, structured deposits, or relevant investments, or (as the case may be),

(ia) to enter into a relevant article 36H agreement (within the meaning of that article) as a lender, to assume the rights of a lender under such an agreement by assignment or operation of law, or to assign rights under such an agreement,

(ii)

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