Originally posted on 23 Dec 2013
The Financial Conduct Authority (FCA) is to publish social media guidance for financial services firms early next year. The regulator has been in talks with firms over their increased use of social media and how it fits with regulation, according to New Model Adviser.
An FCA spokesman said the guidance had not stemmed from any particular concern but was in response to increased questions from firms. He said: ‘We are developing social media guidance in response to the financial services industry but also because we are fully aware about the increased use of social media.’
The guidance is due to be published in the first quarter of 2014.
Pete Matthew of Jacksons Wealth Management, Dennis Hall of Yellowtail Financial Planning and Chris Daems of Principal Financial Solutions, shared their top tips on getting the most out of social media, here]
Bizezia’s Work Manual system includes a work policy on social media. Email me for a free copy: mpollins@bizezia.com
He has written over 700 business publications (see Glossaries at http://onesmartplace.com/resources/glossaries/) and is editor of Better Business Focus (see http://onesmartplace.com/resources/better-business-focus-magazine). His Blog, on a wide range of subjects can be found at: http://onesmartplace.com/blog/
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