SUP 16.31 Financial promotion approval reporting SUP 6A.1 Application and purpose

The Financial Conduct Authority (FCA) has published various updates to its Handbook, particularly with respect to the coming into force of policy statement (PS23/13) (EventID 22984) as regards the FCA approval of firms that themselves would like to provide the service of approving financial promotions of other non-FCA authorized firms (e.g. third country virtual asset service providers).
Specifically, the FCA has updated – with effect from February 7, 2024 – the following two Handbook provisions:
(1) SUP 6A.1 Application and purpose
(2) SUP 16.31 Financial promotion approval reporting
to provide guidance to firms seeking to approve financial promotions as to the purpose of the new FCA approval requirement and to provide guidance to those firms already approved by the FCA to approve financial promotions as regards their regular reporting to the Authority. Please see the noted guidances in this context for more information.