The FCA has warned Buy Now Pay Later firms that their adverts must comply with the financial promotion rules.
UK advertising regulation
The UK ASA investigated an AJ Bell ad under Social responsibility rules, but did not find it in breach.
The UK Treasury Committee today calls for additional Government action to combat fraud and scammers.
The new FCA rules seek to improve risk warnings on ads and ban incentives to invest, for example new joiner or refer-a-friend bonuses.
The UK Advertising Standards Authority (ASA) is investigating a number of crypto-asset ads across different media.
n Q3 of 2021, the FCA reviewed 514 financial promotions, with the regulator ordering 74 promotions to be amended or withdrawn.
In Q2 2021, the FCA reviewed 439 financial promotions, with 84 promotions to be amended or withdrawn.
The Google Ads Financial Products and Services policy will introduce new certification requirements for financial services advertisers targeting the UK.
The UK ASA did not like a poster stating “If you’re seeing Bitcoin on the Underground, it’s time to buy”.
The UK Information Commissioner’s Office has fined Amex for sending more than four million marketing emails to customers who did not want to receive them.