The Financial Services Act 2012 – Misleading Statements, Impressions and Financial Promotions

January 18, 2013

In our previous Dechert OnPoints, The Draft Financial Services Bill in the Context of the Proposed New UK Financial Regulatory Structure and Draft UK Financial Services Bill and the New UK Financial Regulatory Structure, we discussed the new UK financial regulatory structure and the details of the Financial Services Act 2012 (the “FS Act”). The FS Act received royal assent on 19 December 2012, and will come into force from 1 April 2013. This Dechert OnPoint focuses on the criminal offences for misleading statements and misleading impressions, including the new offences relating to benchmarks, and the Financial Conduct Authority’s (“FCA”) new powers relating to misleading financial promotions.

Read “The Financial Services Act 2012 – Misleading Statements, Impressions and Financial Promotions.”