In respect of a relevant incoming provider carrying on any activity to which regulation 11 applies, section 21 of the 2000 Act (restrictions on financial promotion) has effect as if -

(a) in subsection (2), for paragraph (a) there were substituted -

"(a) A is a relevant incoming provider carrying on an activity to which regulation 11 of the 2019 Regulations applies;";

(b) in that subsection, paragraph (b) were omitted;

(c) after that subsection there were inserted -

"(2A) Subsection (2) (a) only applies to a person in so far as the communication is necessary for the performance of a pre-existing contract (within the meaning of regulation 12 of the 2019 Regulations).

(2B) For the purpose of subsections (2) (a) and (2A) -

"the 2019 Regulations" means the Electronic Commerce and Solvency 2 (Amendment etc.) (EU Exit) Regulations 2019;

"relevant incoming provider" has the meaning given in regulation 28 of the 2019 Regulations."