questionText: To ask the Chancellor of the Exchequer, what representations his Department received from industry stakeholders on its proposals to change the (a) income and (b) net asset financial promotion exemption thresholds for defining high-net-worth (i) individuals and (ii) sophisticated investors.
answerText: The changes to the financial promotion exemptions that came into force on 31 January 2024 were subject to a public consultation which closed in March 2022. Respondents to the consultation were broadly supportive of the changes being made. Impacts of the p...
heading: Wealth