We live in a digital world and now we have to understand the benefits and risks associated with social media communication.
What does this mean? Ensure your social media accounts are compliant and be careful when using social media platforms in promotions.
The Financial Conduct Authority (FCA) officially made the announcement in 2015 that social media channels need to be regulated moving forward. Content channels within compliance include: all social media platforms, audio, video, website and blogs. The global region for this particular regulation is Europe and Britain.
“Financial promotions, whether on social media or traditional media, must give customers the right information and meet our requirements to be fair, clear and not misleading.”
Tracey McDermott, FCA Director of Supervision and Authorisations
For more compliance regulation rules, visit our Archiving Compliance Regulations & Supervision Rules page with all of the financial services regulations.
With more than 20 years of innovation under our belts, Erado is the nation’s first comprehensive archiving platform. We specialize in unified and compliance archiving and have developed a simplified user experience for our customers. Our patented technology archives more than 50 communication channels like email, social, mobile, web, apps and more.
* Erado assumes no liability for the accuracy or completeness of this information. Please consult with an attorney for information on specific rules and regulations and how they apply to your business.