Consultations & legislation

Second consultation on FSMA 2000 (Financial Promotion) (Amendment) Order 2008

Consultation on three additional changes to the Financial Promotion Regime:

The financial promotion restriction should not apply to communicationsmade by employers or third party administrators in relation to staffmortgages;
For employee pensions it does not matter whether the employer or the thirdparty administrator notifies the employee of the amount of the employer'scontribution; and
The exemption should be extended to cover communications made by thirdparty administrators in relation to work-related insurance products.

The consultation starts on 19 September 2008 and closes on 12 December 2008.