A step forward for promotions

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Changes to the Financial Promotion Order will smooth the path for private investors to invest in unq...

Changes to the Financial Promotion Order will smooth the path for private investors to invest in unquoted companies. The regulatory regime for financial promotions is to be simplified to remove barriers that some argue have previously inhibited investment by private investors in small and growing firms. In many ways, this is an important step forward in meeting increasing investor demand for private equity and filling the equity gap for small-to-medium enterprises (SMEs) that need an injection of cash to maximise their potential. Until now, promotional material had to be approved by a FSA...