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

Regulation as a deal driver: How FCA scrutiny is reshaping wealth management consolidation

Regulation as a deal driver: How FCA scrutiny is reshaping wealth management consolidation

In wealth management M&A regulation has moved from footnote to headline

Louise Mahon
clock 27 April 2026 • 3 min read
Dropping annual advice reviews is 'watershed moment' – Keith Richards

Dropping annual advice reviews is 'watershed moment' – Keith Richards

Speaking at PA360 conference in London

Jenna Brown
clock 23 April 2026 • 3 min read
FCA: Consolidation has not reduced access to advice

FCA: Consolidation has not reduced access to advice

Advice sector stable but room for growth

Jenna Brown
clock 23 April 2026 • 2 min read