MPs' committee supports FCA call for Online Safety Bill to cover internet ads

'The Wild West online'

Ayesha Venkataraman
clock • 3 min read

The Joint Committee on the draft Online Safety Bill has recommended major changes to its scope, including tackling harmful advertising such as scam adverts, the inclusion of which in the bill was also called for by the Financial Conduct Authority (FCA).

A report by the Joint Committee has set out a series of recommendations to bring more offences within the bill's ambit, and empower Ofcom to set minimum safety standards for regulated services alongside enforcement actions against those who fail to comply. "The Committee were unanimous in their conclusion that we need to call time on the Wild West online," said Damian Collins MP, chair of the Joint Committee on the draft Online Safety Bill. "What's illegal offline should be regulated online. For too long, big tech has gotten away with being the land of the lawless. A lack of regulation o...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Legal director Chloe-Jane Belton: FCA vs Woodford to test the regulatory perimeter

Legal director Chloe-Jane Belton: FCA vs Woodford to test the regulatory perimeter

To be 'a case to watch'

Chloe-Jane Belton
clock 15 June 2026 • 5 min read
Neil Woodford's W4.0 rejects FCA's characterisation and 'regrettable' civil claim

Neil Woodford's W4.0 rejects FCA's characterisation and 'regrettable' civil claim

In response to civil proceedings from the regulator

Patrick Brusnahan
clock 09 June 2026 • 2 min read
FCA obtains £452,000 confiscation order in Ponzi fraud case

FCA obtains £452,000 confiscation order in Ponzi fraud case

Confiscation order against convicted fraudster Daniel Pugh

Sophia Panayi
clock 08 June 2026 • 1 min read