Financial Promotions - Key Exemptions Explained
The financial promotion regime affects a wide range of corporate activities and is underpinned by criminal penalties. Companies making financial promotions must either have them approved by a firm authorised by the FCA or make use of one of the available exemptions.
This webinar will look at the penalties for breaching the financial promotion rules, including the FCA’s response to errors made by BrewDog in crowdfunding materials, and is suitable for financial services lawyers, approved persons and compliance professionals in FS register firms and in-house counsel.
What You Will Learn
This webinar will cover the following:
- Rules and guidance
- Legislation and regulatory guidance underlying the financial promotion regime including section 21 Financial Services and Markets Act 2000, the Financial Promotion Order 2005 and the FCA Handbook Perimeter Guidance Manual
- Scope - Key concepts including the meaning of ‘financial promotion’
- Which communications qualify as ‘solicited/non-solicited’ and ‘real time/non-real time’
- Types of communication that can be financial promotions e.g. tweets
- Corporate activities
- Annual reports and accounts
- Private company share sales
- Overlap with other regulatory regimes
- Crossover issues with the Market Abuse Regulation
- The Takeover Code and the Listing Rules
- The interaction between the financial promotion regime and prospectus rules which came into force in July 2018.