FCA intervention on rogue financial promotions
Regulatory Updates | 08/11/22
Last week, the FCA published it’s quarterly financial promotions data for Q3 2022. The regulator highlights that it had to intervene to withdraw or amend 4,151 financial promotions in that quarter, the highest number since they started publishing this data. Retail lending made up 46% of the total withdrawn/amended figure. Of the 4,151 total figure, 65% of withdrawals/amends were in relation to website or social media promotions.