HL Deb 17 March 1999 vol 598 cc103-4WA
Lord Peston

asked Her Majesty's Government:

Whether they will publish details of the financial promotion regime under the Financial Services and Markets Bill. [HL1563]

Lord McIntosh of Haringey

The Financial Services and Markets Bill provides for a prohibition on unauthorised persons making financial promotions without the approval of an authorised person. The Bill also provides for exemptions from that prohibition to be set out in secondary legislation.

The Treasury has today issued a consultation document on the financial promotion regime under the Bill. Copies have been placed in the Libraries of the House. The deadline for comments is 30 April. Following consideration of responses, the Treasury will publish for further consultation draft secondary legislation setting out proposed exemptions from the prohibition on unauthorised persons making financial promotions.