The FSA has published its latest Financial Promotions Industry Update which covers stand-alone compliance.

The FSA uses the term ‘stand-alone compliance’ to describe its expectation that every financial promotion must comply with all of the relevant financial promotions rules. All financial promotions must be stand-alone compliant, regardless of their form, content, location or target audience, although these factors will be relevant to firms’ assessments of what to include. In the Industry Update the FSA explains why it is taking action and briefly describes:

  • Investment promotions (COBS 4).
  • Mortgage promotions (MCOB 3).
  • Insurance promotions (ICOBS 2.2).

View Financial Promotions Industry Update No.3, 1 October 2009