Trading apps remain under FCA review over gamification concerns

Follows regulator research

James Baxter-Derrington
clock • 2 min read

The Financial Conduct Authority has maintained its review of trading apps due to the potential risks posed by gamification.

Consumer Duty was cited by the regulator in its rationale for keeping the apps under review, noting that the programmes "must ensure services are designed and tested so they meet consumers' needs and enable them to make effective, timely and properly informed investment decisions, including for those with characteristics of vulnerability". FCA delays publication of politically exposed persons review until after General Election The move follows a research note authored by the FCA, which revealed the digital engagement practices (DEPs) used by apps, including push notifications and pri...

To continue reading this article...

Join Investment Week for free

  • 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

Join now


Already an Investment Week