Financial Promotions rules Flashcards
FSMA 2000 law on FP
Not communicate unless ;
authorised person
content approved by authorised person
Exemptions FCA do not cover communications
- Exempt under FPO
- Outside UK
- Takeover code
- Personal quotes or illustrations
- One off promotions
Past performance
Not prominent
at least 5 years in complete 12 month periods
Reference clearly shown
Not indicator future
Risk warning
Fees and commissions
Future performance
Not based past performance
Assumptions supported by objective data
Fees and commissions shown
Warn not reliable indicator of future
Not in writing promotion
identify
- caller
- employer
purpose
ask client wishes to continue call
contact point in event of cancel
appropriate time of day
Cold Calls (not in writing promotion )
Not expected call
Permitted
Retail if
Generally marketable products ( not high volatility fund)
Services
Deposits
Securties other than warrants
Non - geared products
