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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 31 January 2024 - onwards
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Article 22 Deposits: non-real time communications

(1) If the requirements of paragraph (2) are met, the financial promotion restriction does not apply to any non-real time communication which relates to a controlled activity falling within paragraph 1 of Schedule 1 except where that controlled activity relates to a structured deposit.

(2) The requirements of this paragraph are that the communication is accompanied by an indication -

(a) of the full name of the person with whom the investment which is the subject of the communication is to be made ("deposit-taker");

(b) of the country or territory in which a deposit-taker that is a body corporate is incorporated (described as such);

(c) if different, of the country or territory in which the deposit-taker’s principal place of business is situated (described as such);

(d) whether or not the deposit-taker is regulated in respect of his deposit-taking business;

(e) if the deposit-taker is so regulated, of the name of the regulator in the deposit-taker’s principal place of business, or

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