Surprise UK Restriction on Marketing to HNWIs
September 01, 2001
Peter Astleford, Head of Financial Services, reports on the Financial Services and Markets Act (2000). The Act, which comes into force on December 1, 2001, will usher in new regimes to regulate financial promotion and the promotion of unregulated funds. Astelford details the provisions of the Act, whereby High Net Worth Individuals (HNWIs) are included for the first time.