The government has published their response to the consultation which proposed reforms to the Financial Promotion Order exemptions for high net worth individuals and sophisticated investors. The consultation ran from 15 December 2021 to 9 March 2022.

The government intends to update the exemptions by:

New financial promotions made under the Financial Promotions Order from 31 January 2024, even if made to individuals already promoted to under the current exemptions, will need to be made in accordance with the updated exemptions.

The full publication can be read here.

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