The Financial Conduct Authority (FCA) has told the government it wants duties on internet companies in the Online Safety Bill to be extended to paid-for advertising as well as covering user-generated content to enhance consumer protection.
The regulator's annual perimeter report - produced as part of its accountability to parliament - called for legislative change to address concerns beyond the body's remit to strengthen consumer protection. Its call for online paid-for advertising to be included in the scope of the Bill follows a similar call from a coalition of consumer groups and charities, including PIMFA and the Investment Association in July this year. Coalition including PIMFA and IA call for Online Safety Bill to cover paid-for internet ads The FCA added the Bill should designate content relating to fraud off...
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