Some 56 FCA-regulated firms amended or withdrew 5,310 financial promotions or advertising between 1 July and 30 September following intervention by the regulator.

Some 54 FCA-regulated firms amended or withdrew 1,507 financial promotions or advertising between 1 April and 30 June following intervention by the regulator.

The FCA is to impose additional checks on firms approving financial promotions.

The Financial Conduct Authority has increased its supervision of financial promotions for newly-authorised firms.