GEN 4.5 Statements about authorisation and regulation by the appropriate regulator

1This section applies to a firm:

1. (1)

   communicating with a customer; or

2. (2)

   communicating or approving a financial promotion other than:

   1. (a)

      a financial promotion that would benefit from an exemption in the Financial Promotion Order if it were communicated by an unauthorised person;

   2. (b)

      a promotion of an unregulated collective investment scheme that would breach section 238(1) of the Act if made by an authorised person (firms may not communicate or approve such promotions).

1. (1)

   3This section also applies to a registered person communicating a financial promotion relating to one or more qualifying cryptoassets (in reliance on the exemption in article 73ZA of the Financial Promotion Order).

2. (2)

   For the purpose of (1), references in this section to a firm include reference to a registered person.

A firm must not indicate or imply that it is authorised by the FCA4 in respect of business for which it is not so authorised.

4A firm must not indicate or imply that it is authorised by the PRA in respect of business for which it is not so authorised.

A firm must not indicate or imply that it is regulated or otherwise supervised by the FCA4 in respect of business for which it is not regulated by the FCA4.

4A firm must not indicate or imply that it is regulated or otherwise supervised by the PRA in respect of business for which it is not regulated by the PRA.