Context
The FCA has published the latest Financial Promotions data, from 1st January 2022 to 31st March 2022, outlining its action taken against authorised firms breaching financial promotion rules and referrals and investigations into unregulated activity. The FCA’s web page about this information contains key messages for regulated and unregulated financial promotion activity.
Key points to note
- In Q1 2022, the FCA reviewed 379 promotions, resulting in 84 amendments or withdrawals.
- Retail investments and retail lending are the sectors with the highest amend/withdraw outcomes, amounting to 72% of the interventions with authorised firms.
- The general insurance and protection sector represented 14% of the reviewed promotions.
Next actions
None – for information and awareness