(1) The financial promotion restriction does not apply to any communication by a person ("C"), a member of the same group as C or a relevant trustee where the communication is for the purposes of an employee share scheme and relates to any of the following investments issued, or to be issued, by C -

(a) investments falling within paragraph 14, 15 or 15A of Schedule 1;

(b) investments falling within paragraph 17 or 18 so far as relating to any investments within sub-paragraph (a); or

(c) investments falling within paragraph 21 or 27 so far as relating to any investments within sub-paragraph (a) or (b).

(2) "Employee share scheme", in relation to any investments issued by C, means arrangements made or to be made by C or by a person in the same group as C to enable or facilitate -

(a) transactions in the investments specified in paragraphs (1)(a) or (b) between or for the benefit of -

(i) the bona fide employees or former employees of C or of another member of the same group as C;