FCA permanently bans marketing of mini-bonds

From January 2020 the mass-marketing of mini-bonds to retail customers was temporarily banned while the FCA consulted on making permanent rules.  From Thursday (18 June) those changes were made permanent and updated to include listed bonds, which often have speculative and illiquid features. The FCA introduced the ban following concerns that mini-bonds were being promoted to retail investors who neither understood the risks involved nor could afford the potential financial losses. The regulator's ban will mean that products caught by the rules can only be promoted to investors that...