FCA publishes financial promotions data

The FCA has published the number of financial promotions which have been amended or withdrawn due to non-compliance with FCA rules in Q3 2021. In the last quarter, the FCA reviewed 514 financial promotions by authorised firms – 42% related to retail lending, 38% to retail investments, 12% to retail banking and 8% to general insurance – which resulted in 74 promotions being amended or withdrawn. 69% of the amend/withdraw outcomes related to website or social media promotions.