FCA pushes govt to strengthen Online Safety Bill to protect consumers

Annual perimeter report

Jenna Brown
clock • 4 min read
Nikhil Rathi: "The FCA is committed to being more innovative, assertive and adaptive. That means being more proactive at the limits of our regulation, working with partners and other agencies where we don't have powers and setting out where we believe more powers are necessary."
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Nikhil Rathi: "The FCA is committed to being more innovative, assertive and adaptive. That means being more proactive at the limits of our regulation, working with partners and other agencies where we don't have powers and setting out where we believe more powers are necessary."

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....

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