A firm, or anyone acting on its behalf, should not, unless it is required to do so, make claims in a public statement or to a client expressly or by implication that its affairs have the approval or the endorsement of the FCA.

This does not apply to statements that explain:

  • The firm is authorised by the FCA
  • The firm has permission to carry on a regulated activity
  • The firm’s approved persons have been approved by the FCA

An example of such a statement would be the requirement in section 5.2. below and under ICOBS rules to inform clients regarding the firm’s statutory status. Details of this can be found in Section 3, Business/Prudential Standards, Chapter 3 Insurance Conduct of Business Rules.

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