FCA unveils enhanced screening checks for financial adverts

Approvals for unregulated firms will be required

Cristian Angeloni
clock • 2 min read

Companies approving financial marketing for unregulated firms will face an additional range of checks from the Financial Conduct Authority (FCA).

The regulator revealed today (12 September) it will introduce enhanced controls on such businesses to ensure regulated firms and their professionals have the "necessary skills and expertise to approve adverts". Prior to this, FCA-authorised companies were able to approve promotions on behalf of unregulated firms. However, the watchdog noted the practice has caused harm to end investors in the past, as at times, the regulated businesses did not understand the promotions they were approving, resulting in unclear, unfair and/or misleading adverts. As a result, if regulated companies w...

To continue reading this article...

Join Professional Adviser

  • 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

Financial services pressure grows with ESG rules main culprit

Financial services pressure grows with ESG rules main culprit

‘No let-up in regulatory intensity facing industry’

Jenna Brown
clock 27 September 2023 • 2 min read
FCA cancels advice firm's permissions over £11,000 unpaid fees

FCA cancels advice firm's permissions over £11,000 unpaid fees

Failed to do business in a 'sound and prudent' manner

Jenna Brown
clock 21 September 2023 • 1 min read
The Financial Conduct Authority’s SDR regime was introduced in October 2022 and the UK regulator stressed that it was a labelling regime, and not a disclosure regime as its European counterpart was.

EU review of SFDR welcomed despite potential future 'frustration'

Industry-wide review of SFDR undertaken

Eve Maddock-Jones
clock 18 September 2023 • 3 min read