The Financial Conduct Authority (FCA) has outlined its expectations of firms and individuals when communicating with customers via social media.
Promotions for investment products must be identifiable as such, the regulator states, and, for character-limited media, it suggests the use of #ad. It is consulting on its expectations and wants feedback from firms by 6 November. In a guidance consultation paper published on 6 August, the FCA reinforced its position that its financial promotion rules are intended to be "media-neutral" and guided by the "overarching principle that any communication should be fair, clear and not misleading", while alerting consumers to relevant risks. The FCA wants feedback on its requirements in fo...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes