Financial Services and Markets Act 2000 (FSMA): Primary legislation that regulates financial promotions and investment solicitations. Requires appropriate authorizations from the Financial Conduct Authority (FCA).
Financial Services Act 2012: Updates to financial regulations and oversight, including specific provisions regarding financial promotions and misleading statements.
Financial Promotion Order 2005: Defines what constitutes a financial promotion and specifies exemptions and requirements for financial communications.
Consumer Protection from Unfair Trading Regulations 2008: Prohibits misleading actions and omissions in trading practices and ensures fair treatment of consumers.
Fraud Act 2006: Legislative framework to prevent fraudulent representations and address false or misleading statements in financial communications.
Data Protection Act 2018 and UK GDPR: Regulates how personal data is collected and used, ensuring privacy compliance in financial communications.
Money Laundering Regulations 2017: Sets out anti-money laundering requirements and due diligence obligations for financial transactions.
Proceeds of Crime Act 2002: Legislation focused on prevention of money laundering and establishing reporting obligations for suspicious transactions.
