The monetary promotions approval gateway got here into power on 7 February, because the FCA makes an attempt to crackdown on deceptive monetary adverts.
The adjustments meant authorised companies now want permission from the FCA in the event that they need to approve promotions for unregulated individuals. That is to make sure companies approving monetary promotions have the mandatory experience for the deal being supplied.
In accordance with knowledge for the primary quarter, the FCA acquired 5,722 studies about potential unauthorised enterprise.
FCA eyes extension of SDR remit to incorporate portfolio managers
Of the alerts it did situation, 11% w…
