Section 137R(5)

Those conditions are— that the communication would not contravene subsection (1) of section 21 because it is a communication to which that subsection does not apply as a result of an order under subsection (5) of that section, that the FCA considers that any of the listed requirements, apply to the communication, and that the FCA considers that the rules are necessary to secure that the communication satisfies such of the listed requirements as the FCA considers apply to the communication.

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Source: legislation.gov.uk · retrieved 2026-09-04