FCA Regulations
Not only will the Financial Conduct Authority ensure that all companies who are granted permission to trade do so with integrity, they will also make sure that compliance follows through behind the scenes with good internal systems and a “well run ship”.
In addition, the FCA have also turned their attention to the use of Social Media and advertising financial products using portals like Twitter, Facebook and LinkedIn.
Their current Guidance Consultation, which is designed to ultimately provide a ruling about the role that social media will play in businesses’ management of their financial promotions, will be submitted on 6th November 2014.
Anything from a blog to a Twitter “mini blog” is being covered to make sure that deals are advertised in the right way, therefore getting the industry one step further towards non-misleading promotion of their products.