FCA issues second warning about 'seriousness' of misleading advertisements

'Dear CEO' letter published yesterday

Sophie King
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Andrew Bailey: "You can also expect us to assess what steps your firm has taken to review financial promotions it has previously approved."
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Andrew Bailey: "You can also expect us to assess what steps your firm has taken to review financial promotions it has previously approved."

The Financial Conduct Authority (FCA) has issued another 'Dear CEO' letter to remind firms "how seriously" it treats the matter of approving financial promotions of retail investments.

This comes just three months after the regulator sent an initial ‘Dear CEO' letter on 9 January that warned firms against marketing unregulated businesses they carried out as regulated. In its latest...

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