After article 20A, insert -
"Incoming electronic commerce communications
(1) The financial promotion restriction does not apply to an incoming electronic commerce communication.
(2) Paragraph (1) does not apply to -
(a) a communication which constitutes an advertisement by the operator of a UCITS Directive scheme of units in that scheme;
(b) a communication consisting of an invitation or inducement to enter into a contract of insurance, where -
(i) the communication is made by an undertaking which has received official authorisation in accordance with Article 6 of the first life insurance directive or the first non-life insurance directive, and
(ii) the insurance falls within the scope of any of the insurance directives; or
(c) an unsolicited communication made by electronic mail.
(3) In this article, "UCITS Directive scheme" means an undertaking for collective investment in transferable securities which is subject to Directive 85/611/EEC of the Council of the European Commun