PDCOB 4.2 General principles applicable to all communications: the fair, clear and not misleading rule

1A firm should consider whether the omission of any relevant fact could result in a communication being insufficiently clear or unfair, or could result in the communication being misleading.

1If a communication names the FCA, the PRA or both as the regulator of a firm or other provider and refers to matters not regulated by the FCA, the PRA or both, the firm should ensure that the communication makes clear that those matters are not regulated by the FCA, the PRA or both.

1Part 7 (Offences relating to financial services) of the Financial Services Act 2012 (www.legislation.gov.uk/ukpga/2012/21/contents) creates criminal offences relating to certain misleading statements and practices.