FCA: Financial promotions quarterly data - Q1 2021

Published by:
Financial Conduct Authority (FCA)
Last updated:
15 October 2021
Topic:
Not added
Licence:
Open Government Licence

Summary

The FCA undertakes many reviews of firms’ financial promotions, which are identified through multiple sources including both consumer and firm referrals. The FCA looks at every financial advert reported to it. Where it concludes that an advert is in breach of its rules, it asks the firm which has communicated or approved it to withdraw the advert, or change it so that it complies with the FCA requirements. It may also ask firms to consider whether any customers may have acted on the basis of non-compliant promotions and to take appropriate action to remedy any harm which consumers may have suffered as a result.

The FCA realises the need for greater transparency over the non-compliant financial promotions outcomes, so from 2021 it started publishing this data quarterly.

This data includes statistics about how the FCA reviews and acts on certain non-compliant financial promotions.

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Financial promotions Q1 2021 data HTML 06 April 2021 Not available

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