Source: https://www.legislation.gov.uk/uksi/2001/544/article/54
Timestamp: 2020-08-11 07:58:58
Document Index: 152181237

Matched Legal Cases: ['art. 54', 'art. 54', 'art. 14', 'art. 54', 'art. 2', 'art. 54', 'art. 14', 'art. 54', 'art. 2', 'art. 54', 'art. 14', 'art. 54', 'art. 2', 'art. 54', 'art. 54', 'art. 54', 'Art. 54', 'art. 54', 'Art. 54', 'art. 54']

art. 54 word inserted by S.I. 2015/910 Sch. 1 para. 4(10)(a)
art. 54(1) words substituted by S.I. 2009/1342 art. 14(a)
art. 54(1) words substituted by S.I. 2015/731 art. 2(3)(a)(i)
art. 54(1)(a) words substituted by S.I. 2009/1342 art. 14(b)
art. 54(1)(a) words substituted by S.I. 2015/731 art. 2(3)(a)(ii)
art. 54(2) words substituted by S.I. 2009/1342 art. 14(d)
art. 54(2) words substituted by S.I. 2015/731 art. 2(3)(b)
art. 54(3) words substituted by S.I. 2013/472 Sch. 2 para. 35(a)
Advice given in newspapers etc.U.K.
54.—(1) There is excluded from [F1articles 53, 53A, 53B and 53C] the giving of advice in writing or other legible form if the advice is contained in a newspaper, journal, magazine, or other periodical publication, or is given by way of a service comprising regularly updated news or information, if the principal purpose of the publication or service, taken as a whole and including any advertisements or other promotional material contained in it, is neither—
(a)that of giving advice of a kind mentioned in article 53[F2, 53A, 53B or 53C, as the case may be]; nor
[F3(b)that of leading or enabling persons—
(i)to buy, sell, subscribe for or underwrite securities or [F4relevant investments], or (as the case may be),
(ii)to enter as borrower into regulated mortgage contracts, or vary the terms of regulated mortgage contracts entered into by them as borrower[F5;
(iii)to enter as reversion seller or plan provider into regulated home reversion plans, or vary the terms of regulated home reversion plans entered into by them as reversion seller or plan provider,
(iv)to enter as home purchaser into regulated home purchase plans, or vary the terms of regulated home purchase plans entered into by them as home purchaser].]
(2) There is also excluded from [F6articles 53, 53A, 53B and 53C] the giving of advice in any service consisting of the broadcast or transmission of television or radio programmes, if the principal purpose of the service, taken as a whole and including any advertisements or other promotional material contained in it, is neither of those mentioned in paragraph (1)(a) and (b).
F1Words in art. 54(1) substituted (6.11.2006 for specified purposes) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2006 (S.I. 2006/2383), arts. 1(2), 14(a)(i)
F2Words in art. 54(1)(a) substituted (6.11.2006 for specified purposes) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2006 (S.I. 2006/2383), arts. 1(2), 14(a)(ii)
F3Art. 54(1)(b) substituted (31.10.2004) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 1) Order 2003 (S.I. 2003/1475), arts. 1(3), 14(4)
F4Words in art. 54(1)(b) substituted (31.10.2004 for specified purposes, 14.1.2005 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 2) Order 2003 (S.I. 2003/1476), arts. 1(3), 9(2)
F5Art. 54(1)(b)(iii)(iv) inserted (6.11.2006 for specified purposes) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2006 (S.I. 2006/2383), arts. 1(2), 14(a)(iii)
F6Words in art. 54(2) substituted (6.11.2006 for specified purposes) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2006 (S.I. 2006/2383), arts. 1(2), 14(b)