Article 81 - Prohibition on issue of Financial Promotions other than by Authorised Firms.
(1) Subject to Article 81(2), no
QFC Licensed Firm other than an Authorised Firm may make (or cause to be made) in the course of business any Financial Communication unless the content of the communication has been approved for the purposes of this Article by an Authorised Firm.
(2) Article 81(1) shall not apply:
(A) in respect of any
Financial Communication made to another QFC Licensed Firm; or
(B) to such other types or category of recipient or in such other circumstances as may be set out in
Rules made by the Regulatory Authority.
Regulatory Authority may make Rules prohibiting or restricting the extent to which, or the circumstances in which, Persons outside the QFC (whether in the State or otherwise) may send Financial Communications to Persons in the QFC or capable of having an effect in the QFC, but in the absence of such Rules there will be no restriction on such Financial Communications and a Person outside the QFC shall not be deemed to be carrying on business in or from the QFC purely by virtue of making such Financial Communication to a Person in the QFC.