UKSA and ShareSoc have jointly responded to a consultation from HM Treasury on proposals for revised procedures for approving financial promotions by individuals and firms that are not authorised by the FCA. We have expressed dismay at the apparent laxity and lack of rigour in the current system which appears to leave many consumers exposed to financial harm. We have, however, welcomed the consultation and suggested a number of further measures that the Treasury should consider implementing to further strengthen the new system for approvals. Our full response can be found here.
