The Financial Conduct Authority has urged firms offering high-risk investments to retail investors to review their financial promotion approaches after the regulator found several examples of poor practice in a sample review.
In August 2022, the regulator published a 205-page policy document outlining its proposals to strengthen its financial promotion rules for restricted mass market investments (RMMIs) and firms approving financial promotions. The proposals were set to provide access to non‑traditional investments, such as Long-Term Asset funds (LTAFs), while still offering strong consumer protection by ensuring that firms communicating and approving financial promotions for these investments do so to a "high standard". FCA launches consultation to broaden access to LTAF The initial rules, which requ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
