(1) The financial promotion restriction does not apply to any communication which -
(a) is a non-real time communication or a solicited real time communication;
(b) is communicated by, or on behalf of, a body corporate ("A") that is an open-ended investment company;
(c) is communicated to persons whom the person making or directing the communication believes on reasonable grounds to be persons to whom paragraph (2) applies; and
(d) relates only to an investment falling within paragraph 15, 15A, 17 or 19 of Schedule 1 which is issued, or to be issued, by A.
(2) This paragraph applies to -
(a) a creditor or member of A;
(b) a person who is entitled to an investment falling within paragraph 15, 15A, 17 or 19 of Schedule 1 which is issued, or to be issued, by A;
(c) a person who is entitled, whether conditionally or unconditionally, to become a member of A but who has not yet done so;
(d) a person who is entitled, whether conditionally or unconditionally, to have transferred to him title t
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