Compliance

How to comply with new FCA claims management rules

On 1 April 2019, the Financial Conduct Authority (FCA) takes over regulation of the UK’s claims management industry. In preparation for this, the regulator recently published new rules for the sector intended to ‘boost consumer protection and professionalism’. The Policy Statement, released at the end of last year, sets out the conduct, rules and fees [...]

February 15th, 2019|Compliance|0 Comments

FCA powers to ban a financial promotion or advert

If a financial promotion or advert is misleading, the UK financial regulator has the legal power under s137S of the Financial Services and Markets Act 2000 (FSMA) to: get it withdrawn, or prevent it from being used in the first place In deciding whether to act, the Financial Conduct Authority (FCA) consider how a financial [...]

February 11th, 2019|Compliance, Marketing|0 Comments

What does the FCA expect firms to do now on Brexit?

Another week and another Brexit update from the Financial Conduct Authority (FCA). This latest update is titled ‘Brexit – what we expect firms and other regulated persons to do now’. With 29 March advancing rapidly and the potential for a no-deal departure still looking a possibility, ‘firms and regulated persons’ are being told to take [...]

February 8th, 2019|Compliance|0 Comments

What does the UK’s financial services sector look like today?

It’s a time of change. The UK financial services sector faces perhaps unprecedented uncertainty, with the shape of Brexit as yet undefined. Nevertheless, the FCA has set out its annual Sector Views, analysing the industry. The publication is the regulator’s ‘annual analysis of the changing financial landscape, the resulting impacts on consumers and market effectiveness’. [...]

February 2nd, 2019|Compliance|0 Comments

How to create compliant financial promotions

The process of creating compliant financial promotion and marketing materials isn't straightforward. Firms need to balance their sales message (what they want to say) with strict regulatory requirements to disclose key product and company information and not to mislead the customer (what they have to say, what they can say and how to say it). This can be a [...]

January 24th, 2019|Compliance|0 Comments