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Category Archives: Advertising and Social Media

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FCA Consults on Revamped Guidance for Financial Promotions on Social Media

Regulator clarifies that existing FCA rules will continue to apply but will also reflect the evolving landscape of financial promotions on social media. By Nicola Higgs, Stuart Davis, Fiona Maclean, Gabriel Lakeman, and Gary Whitehead On 17 July 2023, the FCA published a guidance consultation (GC23/2) relating to financial promotions on social media. Acknowledging that … Continue Reading

FCA Implements Strategies to Clamp Down on Illegal Social Media Financial Promotions

The regulator described the steps it is taking to increase scrutiny of advertisements about financial products and services on social media platforms. By Rob Moulton, Jonathan Ritson-Candler, and Sara Sayma On 3 February 2023 the FCA published an analysis of its financial promotions data for 2022. The data reflects the action taken against authorised firms … Continue Reading
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