Detail of outcome
This is the government’s response to the consultation which proposed reforms to the Financial Promotion Order exemptions for high net worth individuals and sophisticated investors. The consultation ran from 15 December 2021 to 9 March 2022.
After carefully considering all responses, the government intends to update the exemptions by:
- raising the financial thresholds to qualify for the exemptions to account for inflation
- tightening other eligibility criteria to reduce the risk of capturing ordinary consumers
- strengthening the statements that investors are required to complete when using the exemptions
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