Global Trustee and Fiduciary Services Bite-Sized Issue 10 2023

Global Trustee and Fiduciary Services Bite-Sized | Issue 10 | 2023 15 QUICK LINKS CBDC DIVERSITY & INCLUSION FINTECH FUND LIQUIDITY OPERATIONAL RESILIENCE SUSTAINABLEFINANCE/ESG ASIA EUROPE LUXEMBOURG NORTH AMERICA UNITED KINGDOM The FCA expects all firms promoting RMMIs and non-mass market investments (NMMIs) to consider the findings of its review for their businesses. The FCA also expects firms promoting relevant cryptoassets toUK based consumers to consider these findings due to the requirements set out in PS23/6 – Financial promotion rules for cryptoassets. PS23/6 sets out how the rules for RMMIs will apply to qualifying cryptoassets from8October 2023. The FCA says that its strengthened financial promotion rules set a minimum baseline for firms that promote HRIs and give clear guidance on what is expected. The FCA’s aim is to raise the overall standard of high‑risk investment promotions. The FCA states that the strengthened rules also support the approach of the Consumer Duty, by encouraging firms to consider for themselves whether they should go beyond this minimum standard, considering the needs of their customers, to deliver good outcomes. Link to Multi-firmReview here