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FCA weighs up move on off-channel comms in light of US actions

Trader using mobile phone
Photo: Ralph Orlowski/Getty Images

Hint of messaging clampdown in UK puts focus on speed of regulatory response.

As off-channel communication options proliferate in the UK financial sector in the wake of the pandemic, the FCA gave the clearest indication yet this week that it could take the kind of action that has seen over $2.5 billion in fines levied in the US. But the fact that this

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