UK:
FCA Consults On Approach To Financial Promotions In Social Media
27 August 2014
Shearman & Sterling LLP
To print this article, all you need is to be registered or login on Mondaq.com.
On August 6, 2014, the Financial Conduct Authority
("FCA") launched a consultation setting out its proposed
approach to financial promotions in social media. The FCA considers
that firms need to think about how their financial promotions can
be fair, clear and not misleading regardless of the means used and
also to consider how image advertising can be used. In addition,
the FCA is seeking views on how firms, in using social media, can
meet the specific financial promotion requirements such as: (i)
ensuring that financial promotions for investment products are
identified as such; (ii) ensuring that each communication,
including a tweet or webpage, complies with the rules; and (iii)
ensuring that the required risk warnings are included in
promotions. The consultation is open until November 6, 2014.
The consultation paper is available at: http://www.fca.org.uk/static/documents/guidance-consultations/gc14-06.pdf.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from UK
Asset Recovery Comparative Guide
Bird & Bird
Asset Recovery Comparative Guide for the jurisdiction of UK, check out our comparative guides section to compare across multiple countries
Q&A: Safe Harbours For VASPs - Part 1
Ogier
Asian Legal Business was keen to hear from our experts on how this will allow virtual asset services providers (VASPs) to anchor in theses jurisdictions, despite increased regulatory burdens...
Q&A: Safe Harbours For VASPs - Part 2
Ogier
In 2023, Jersey and the British Virgin Islands passed legislation indicating they were welcoming virtual asset service providers, joining the likes of the Cayman Islands...
CRD VI And Its Impact On Lending Into Europe
Cadwalader, Wickersham & Taft LLP
December 2023 saw the publication by the EU of the near-final version of its ‘Banking Package' that makes significant changes to the Capital Requirements Directive known as ‘CRD VI'.
Financial Promotion Exemptions – UK Government U-Turn
Shepherd and Wedderburn LLP
In response to criticism, the UK Government announced in the 2024 Spring Budget that recent changes to the financial promotion exemptions eligibility criteria would be partially reversed from 27 March 2024.