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UK Regulatory Update — Issue 2: product and promotion intervention

In the second issue of our eight step-by-step guides to the new regulatory landscape, we take a look at two of the significant new powers granted to the new conduct regulator, the FCA. In keeping with the judgement-led and interventionist approach promised by the new regulators, from 1 April 2013 the FCA will be able to intervene on the sale of products with immediate effect and ban firms from making particular financial promotions.

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