FCA publishes latest perimeter report

The FCA published its latest Perimeter Report. The FCA publishes the report annually as part of its accountability to Parliament and to support regular dialogue with the Government on the regulatory regime.

The report recommends that duties on internet companies in the Online Safety Bill should extend to paid-for advertising, as well as user-generated content. The FCA also believes that the Bill should designate content relating to fraud offences as ‘priority’ illegal content and so require monitoring and preventative action by platforms.

The FCA also outlines other areas where legislative change is needed, such as extending the Senior Managers and Certification Regime to payment and e-money firms.

Source: FCA