(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) relates to an investment which falls within any of paragraphs 14 to 18 of Schedule 1 and which is permitted to be traded or dealt in on a relevant market; and
(c) is required or permitted to be communicated by -
(i) the rules of the relevant market;
(ii) a body which regulates the market; or
(iii) a body which regulates offers or issues of investments to be traded on such a market.
(2) "Relevant market" means a market which -
(za) is a relevant UK market;
(a) meets the criteria specified in Part I of Schedule 3; or
(b) is specified in, or established under the rules of an exchange specified in, Part III of that Schedule.