The FCA has proposed a series of new rules to tackle illegal, unfair or misleading financial marketing.
How will this affect you and your organisation?
On 20 July 2022, HM Treasury introduced the Financial Services and Markets Bill to Parliament, including provisions to amend 2000’s FSMA to create the regulatory gateway for approvers of financial promotions.
The Treasury envisioned that this gateway would lead to several improvements to the regulatory framework in this area, including enhanced oversight of the approval market by the FCA and an improved standard of approvals.
As a result, on December 6, 2022, the FCA launched a Consultation Paper (CP22/27: Introducing a gateway for firms who approve financial promotions) proposing several new measures to enhance consumer protection and ensure that the regulator can act quickly to stop harmful financial promotions communicated by unauthorised firms, including companies operating in the areas of high-risk investment and Buy Now Pay Later.
In light of these developments, Complyport, the London Governance and Compliance Academy (LGCA), and the Association of Governance, Risk and Compliance (AGRC) organised a webinar to provide you with a breakdown of this FCA proposal and what you need to know to better prepare for these changes.
Please find a recording of our webinar available below for you to watch.
