The Financial Services Act 1986 (Extension of Scope of Act) Order 1992

• Citation: S.I. 1992/273
• Sections: 3

Section 1 Citation, commencement and interpretation

(1) The Order may be cited as the Financial Services Act 1986 (Extensionof Scope of Act) Order 1992 and shall come into force on 1st June 1992.

(2) In this Order, “ the Act ” means the Financial Services Act 1986.

Section 2 Advice given in television, sound or teletext services

(1) For paragraph 25A of Schedule 1 to the Financial Services Act 1986 there shall be substituted—

Advice given in television, sound or teletext services

(25A)

(1) Paragraph 15 above does not apply to any advice given in any programme included, or made for inclusion, in—

(a) any television broadcasting service or other television programme service (within the meaning of Part I of the Broadcasting Act 1990 ); or

(b) any sound broadcasting service or licensable sound programme service (within the meaning of Part III of that Act); or

(c) any teletext service.

(2) For the purposes of this paragraph, “programme”, in relation to a service mentioned in sub-paragraph (1) above, includes an advertisement and any other item included in the service.

Section 3 Revocation

Article 5 of the Financial Services Act 1986 (Restriction of Scope of Act and Meaning of Collective Investment Scheme) Order 1990 is hereby revoked.