Ex-FSA lawyer warns of regulator's 'unachievable' product promotion rules

Carmen Reichman
clock

A lawyer who spent six years in the financial regulator's enforcement team has expressed doubts over his former employer's product promotions rules.

The Financial Conduct Authority's (FCA's) expectations may be "potentially unachievable" as the "bar is set too high", according to Pinsent Masons senior associate Michael Ruck. This week, the F...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA to conduct 'holistic review' of the advice and guidance boundary

FCA to conduct 'holistic review' of the advice and guidance boundary

Review aims to understand how to reduce the regulatory burden

clock 27 September 2022 • 3 min read
Image: The latest market news and analysis

Market Movers: Lenders halt mortgage deals amid gilt market turmoil

Move comes in response to market volatility following the Mini Budget

Investment Week
clock 27 September 2022 • 1 min read
Sheldon Mills, FCA executive director of consumers and competition

FCA gives three-month Consumer Duty extension for advisers

Deadline of 31 July 2023

Hemma Visavadia
clock 27 July 2022 • 5 min read