Home FCA Handbook CONC CONC 3 CONC 3.11 Not approving certain financial promotions
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CONC 3.11 Not approving certain financial promotions

01/04/2014R

This section applies to a financial promotion in relation to a credit agreement, credit broking, debt counselling, debt adjusting and operating an electronic system in relation to lending in relation to prospective borrowers or borrowers under P2P agreements.

Requirement not to approve certain financial promotions

01/04/2014R

A firm must not approve a financial promotion to be made in the course of a personal visit, telephone conversation or other interactive dialogue.

01/04/2014G

CONC 3.11.2 R does not prevent the communication by a firm itself (i.e. a firm with a permission) of a financial promotion. A firm's approval of a financial promotion concerns approval for the communication of the promotion by an unauthorised person which is prevented by CONC 3.11.2 R.