GEN 3.6 GEN 3.6 Approval of Financial Promotions by an Authorised Firm
For the purposes of GEN Rule 3.4.1(4)(a) and (b), an
Authorised Firmmust not approve a Financial Promotionunless:(a) the Financial Promotionincludes a clear and prominent statement that it has been "approved by" the relevant Authorised Firm; and(b) the Financial Promotionis made in accordance with the requirements in GEN Section 3.5.
Authorised Firmmust not approve a Financial Promotionwhich is directed at a Personwho appears on reasonable grounds to be a Retail Clientunless:(a) it has an endorsement on its Licensewhich permits it to carry on a Financial Servicewith or for a Retail Client; and(b) the scope of its Licenseincludes the Financial Serviceand, if applicable, the particular financial product, to which the Financial Promotionrelates.
GEN 3.6.3 GEN 3.6.3
Authorised Firmmust ensure that a Financial Promotionit has approved complies with the requirements in this chapter on an on-going basis.
GEN 3.6.3 Guidance
Authorised Firmwhich proposes to approve a Financial Promotionwhere all or part of that promotion will be real time, such as a live event, will need to consider whether it is able to comply effectively with any relevant Rulesin relation to the Financial Promotionor its approval.