Page 447 - IOM Law Society Rules Book

150 Financial Services Act 2008 c.8

(d) by each licenceholder annually on such date as may be
prescribed.

Gaming 47. (1) For the avoidance of doubt, no contract to which this
contracts section applies shall be void or unenforceable by reason of section
[c.17] 40 of the Gaming, Betting and Lotteries Act 1988.

(2) This section applies to any contract entered into by either
or each party by way of business and the making or performance of
which by either party constitutes a regulated activity.

48. (1) In this Act —
Interpretation
“advertisement” includes every form of advertising and
includes advertising —

(a) in any form of publication;

(b) by the display of notices;

(c) by means of circulars or other documents;

(d) by means of business cards;

(e) by an exhibition of photographs or cinematograph films;
or

(f) by means of broadcasting sounds or pictures (including
transmission by cable), telecommunications or any
electronic media;

“associate” means —

(a) in relation to any individual —

(i) the father, mother, wife, husband, son, stepson,
daughter, stepdaughter, brother or sister of the
individual;

(ii) any body corporate of which that individual is a
director; and

(iii) a partner or employee of that individual;

(b) in relation to a body corporate —

(i) any subsidiary of that body corporate; and

(ii) any employee of any such subsidiary;