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FCA bans motor finance firm’s online adverts for breach of CONC 3 rules

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Published on: 18 February 2020
Published by LNB News

LNB News 18/02/2020

Document Information

Issue Date: 18 February 2020

Published Date: 18 February 2020

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Financial Conduct Authority (FCA) has banned a range of online adverts issued by Rix Motor Company Ltd (Rix) for being unclear, unfair and misleading in breach of the FCA’s financial promotion rules. In response, the motor finance firm has removed the adverts, which related to the credit brokering of car finance, from three of its websites and its Instagram account.

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Jurisdiction(s):
England, Northern Ireland, Scotland and Wales

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