WebAug 19, 2024 · The FCA clarified in its consultation paper 4 and subsequent policy statement 5 its expectations concerning the application of the Consumer Duty to financial promotions concerning high risk investments including cryptoassets. The FCA considers that the strengthened financial promotion rules set a minimum baseline for firms that … WebDec 21, 2024 · Rules related to our main risk warnings for financial promotions of high-risk investments will have effect from 1 December 2024. All other rules will have effect from 1 February 2024. Firms will need to comply with these rules from the applicable dates. …
High-risk investments: FCA consults on strengthening financial ...
WebAug 12, 2024 · The Financial Conduct Authority (FCA) has published policy statement 22/10, “Strengthening our financial promotion rules for high-risk investments and firms … WebJul 29, 2024 · The newly appointed CEO of the FCA starts in October and has to bring about much needed improvements in the protection of retail investors as this is one of the FCA’s top priorities. Glaring weaknesses in the current investor protection regime have seen scandals such as the promotion by FCA firms of low-quality, high-risk mini-bonds. twm sion cati\u0027s cave
FCA imposes new restrictions on the promotion of high-risk …
WebJan 19, 2024 · FCA to strengthen financial promotions rules to protect consumers. The FCA is acting to address concerns about the ease and speed with which people can make high-risk investments by proposing a significant strengthening of its rules on how high-risk financial products are marketed. This is a central element of the FCA's Consumer … WebSep 15, 2024 · The FCA’s Consumer Investments Data Review, published alongside the strategy, shows that between 1 April 2024 and 31 March 2024, the FCA’s work to tackle harm, included: stopping 48 new firms from entering the market where the FCA identified potential for consumer harm (representing 1 in 5 applications) opening over 1,700 … WebMar 25, 2024 · Examples of practices that are likely to contravene the clear, fair and not misleading rule in CONC 3.3.1 R include: (1) stating or implying that a firm is a lender (where this is twms mentor