FSMA

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General Prohibition s.19(1) FSMA

Exemption: Art 70 FSMA RAO --> Share sale + 50% OR connected individuals

Communicate invitation/induce s.21 FSMA

Exemption: FSMA 2005

Investment Pros (Art 19(!))

Same group

Or Acquisition o day to day control Art 62(2)(b)(ii)

s. 19(1)

Art 70 RAO

s.21

FSMA Order - Art 19(1), Art 62(2)

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