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CLLS response to FCA on financial promotion rules for high-risk investments and firms approving financial promotions
On 14 July, the Regulatory Law Committee of the City of London Law Society (CLLS) published its response (dated 5 July) to the FCA’s discussion paper (DP21/1) on strengthening its financial promotion rules for high-risk investments and firms approving financial promotions. Points of interest include that the CLLS: (i) is concerned that as the restrictive regime for high-risk financial promotions has developed incrementally over recent years, it now represents a complex patchwork. It questions whether the FCA has exhausted a more principles-based approach to the challenge of high-risk investments in favour of a reliance on…
