06 Dec Press release: FCA outlines stronger rules to protect consumers from rogue financial promotions
We have received the below from the FCA.
I wanted to let you know that we’ve published a consultation paper and press release this morning setting out how we propose to operate a new authorisations gateway for those firms wanting to continue approving financial promotions for unauthorised persons.
Under current legislation, any FCA authorised firm is allowed to approve financial promotions on behalf of other firms who are not authorised by the regulator. However, changes being introduced by Parliament will require authorised firms to undergo new screening checks before they are allowed to approve financial promotions.
Please see the below links for more information: