UK financial promotions approvers ordered to raise standards
( May 27, 2026, 13:26 GMT | Official Statement) -- MLex Summary: The UK’s Financial Conduct Authority has told financial promotions approvers to raise their standards or face regulatory action. The FCA’s review of 10 firms that approve financial promotions found that some of them had “approved adverts with unsubstantiated claims, or allowed retail investors to see promotions intended for professional clients.” In one case, the firm in question had to conduct a remediation exercise. The FCA said it would monitor compliance and hold any firm that falls short to account.Statement is attached....
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