FCA reviews 451 financial promotions in Q2 2022
Retail investments and retail lending are the sectors with the highest amend/withdraw outcomes, the FCA reports.
UK financial promotions
FCA slams Freetrade for misleading social media promotions
The FCA has concluded that Freetrade has breached regulations that require financial promotions to be fair, clear and not misleading.
FCA reviews 1,686 financial promotions in 2021
Retail investments’ use of social media influencers on various platforms to market investments is becoming a concern for the FCA.
FCA to tighten rules on how high-risk financial products are marketed
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.
FCA reviews 514 financial promotions in Q3 2021
n Q3 of 2021, the FCA reviewed 514 financial promotions, with the regulator ordering 74 promotions to be amended or withdrawn.
FCA to turn down more applications for authorisation, if necessary
The FCA expects to intervene in real-time more often, including, if necessary, turning down more applications for authorisation.
UK Govt agrees on gateway for financial promotions of unauthorised firms
The Government will restrict approval of the financial promotions of unauthorised firms through the imposition of requirements by the FCA.
FCA chief calls for social media responsibility regarding fin promotions
If online platforms choose to display and profit from adverts for risky investments, they should also comply with financial promotions rules.
FCA orders amendment or withdrawal of 105 financial promotions in Q1 2021
In Q1 2021, the UK FCA reviewed 441 financial promotions, with 105 of them amended or withdrawn.
FCA pursues a number of enforcement investigations involving financial promotions
The FCA has confirmed that it is pursuing a number of enforcement investigations involving financial promotions.
