(1) "Self-certified sophisticated investor" means an individual -
(a) who has completed and signed, within the period of twelve months ending with the day on which the communication is made, a statement complying with Part 2 of Schedule 5; and
(b) whose completion of that statement indicates that they satisfy the conditions set out in the statement to be classified as a self-certified sophisticated investor.
(2) The validity of a statement completed and signed for the purposes of paragraph (1) is not affected by a defect in the form or wording of the statement, provided that the defect does not alter the statement’s meaning and that the words shown in bold type in Part II of Schedule 5 are so shown in the statement.
(3) If the requirements of paragraphs (4) and (7) are met, the financial promotion restriction does not apply to any communication which -
(a) is made to an individual whom the person making the communication believes on reasonable grounds to be a self-certified sophistic
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