FCA follows up on High Risk Investments
Jan 5, 2023 2:30:41 PM
What has happened?
In late 2022, the FCA engaged with firms, via roundtable sessions, in the run-up to the implementation of the new rules on the promotion of high-risk investments contained in PS22/10: Strengthening our financial promotions rules for high-risk investments. This was followed up with a Q&A document.
What are the key points for firms?
Compliance with the new risk warning rules, which came into force on 1st December 2022, is actively being reviewed by the FCA and it has been reported that so far, compliance rates have been found to be poor. The FCA has begun following up with firms where it has found that their risk warnings do not meet the required standards and requesting immediate action.
The FCA has asked again that in-scope firms review their risk warnings and risk summaries against the requirements (including the prominence requirements) to ensure that they are compliant with them.
How can we help you?
If you’d like to know more about how we can help you with your high-risk investments arrangements, or any other regulatory compliance issues, our specialist team is here to help.
Contact us today on 020 7436 0630 – or email info@thistleinitiatives.co.uk.