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Posts tagged with Financial Organisations

Social media and the financial sector: eight best practice tips

As of April 1, the Financial Services Authority has been replaced by two new bodies, the Prudential Regulatory Authority (PRA), which regulates the operations of financial organisations, and the Financial Conduct Authority (FCA), which monitors how financial organisations treat consumers.

As far as the FCA is concerned, whether financial organisations choose to communicate over social media channels or in print, the rules remain the same.

The communication must be clear, fair and not misleading, regardless of which channel the message is broadcast over.

The FCA has already stated its intention to monitor what financial organisations are getting up to on social media, and it uses Twitter itself.

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