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ARTICLE · 05 AUGUST 2022

Changes To UK Financial Promotion Rules

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On August 1, the UK's Financial Conduct Authority ("FCA") published a policy statement on strengthening its financial promotion rules for high-risk investments and firms approving financial promotions...

United KingdomFinance and Banking
Michael Sholem
Michael Sholem
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On August 1, the UK's Financial Conduct Authority ("FCA") published a policy statement on strengthening its financial promotion rules for high-risk investments and firms approving financial promotions (the "policy statement").

In its policy statement, the FCA summarises feedback on its January 2022 consultation paper and sets out its final policy and rules designed to strengthen the regime for the promotion of high-risk investments ("HRIs"). The FCA has previously provided examples of HRIs, such as cryptoassets, structured products, land banking schemes, contracts for difference and mini-bonds (sometimes called high interest return bonds). Currently, the final rules apply only to those HRIs that are already subject to marketing restrictions. The policy statement also contains the final rules and non-Handbook guidance for firms when communicating or approving financial promotions. The final rules are set out in the Financial Promotions and High-Risk Investments

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