The requirements relating to advertisements in Rule 4.12.1 do not apply, due to the definitional exclusion provided in section 59 of the FSMR, to any communication:

a. made in connection with the trading of Securities on a Recognised Body or Regulated Exchanges;
b. made for the purposes of complying with the on-going reporting requirements of a Recognised Body or the Regulator; or
c. which is an Exempt Communication as defined in Rule 4.2.1.