FCA confirms speculative mini-bond mass-marketing ban

In January, the regulator introduced a temporary ban without consultation following serious concerns that speculative mini-bonds were being promoted to retail investors who neither understood the risk, nor could afford the potential financial losses. Then, in June, it permanently banned the mass-marketing of high-risk mini-bonds to retail investors. From 18 June the January changes were made permanent and updated to include listed bonds, which often have speculative and illiquid features. The new rules will apply from 1 January 2021 and will include a ban on listed bonds with similar ...