Earlier this year we reported that HM Treasury and the Financial Conduct Authority (FCA) had decided to overhaul aspects of the UK’s financial promotion regime (see our previous article here). The FCA have since published its Policy Statement (PS22/10) – Strengthening our financial promotion rules for high-risk investments and firms approving financial promotions. The new final rules for authorised firms set out in PS22/10 seek to prevent harm to consumers by ensuring that firms communicating and approving financial promotions do so at a high standard, and consumers receive high-quality financial promotions that enable them to make effective, well-informed investment decisions. In this guide we examine the incoming changes and the practical implications for affected firms.
If you require further information about anything covered in this briefing, please contact Grania Baird, Andy Peterkin, Jessica Reed, Kya Fear, or your usual contact at the firm on +44 (0)20 3375 7000.
This publication is a general summary of the law. It should not replace legal advice tailored to your specific circumstances.
