The FCA analyses the data, from 1 January 2022 to 31 March 2022, resulting from action it has taken against authorised firms breaching financial promotion rules and referrals, and investigations into unregulated activity.
The data the FCA gathers means it can monitor developments in the market, get insights into sectors it has concerns about and act to prevent consumers from harm.
The latest data shows the FCA reviewed 379 financial adverts relating to authorised firms, and its engagement resulted in 84 promotions being amended or withdrawn. 76% of these involved website or social media promotions.