Firms’ Approvals of Financial Promotions – the FCA’s Expectations

Regulatory Updates | 11/04/19

The FCA has published a Dear CEO letter to remind firms involved in the approval of financial promotions for unauthorised persons of their obligations when doing so. This letter follows up on the Dear CEO letter on the same subject published by the FCA on 9 January 2019. The letter states that the FCA will treat this matter seriously as they have identified a number of examples where it appears the due diligence carried out on a financial promotion may have fallen well short of the standard they expect.