Treasury and FCA discuss perimeter report

Treasury and FCA have met to discuss the September 2020 report on the regulatory perimeter.

Discussions focused on:

• high risk investments and the potential need to review the current exemptions that allow marketing to individuals;
• Treasury’s proposals to consult on the regulation of mini-bonds;
• consideration of inclusion of paid for advertising within the financial promotion regime;
• access to cash;
• treatment of crypto assets;
• the forthcoming regulation of pre-paid funeral plans; and
• the potential lead to consider regulation of lead generators in the debt problem market.