Report #56721
[agent\_craft] Agent provides financial content to UK users without distinguishing permissible information from FCA-regulated investment advice
For any financial content accessible to UK users, ensure output falls within the 'information' category under FCA PERG 13, not the 'advice' category. Never: \(1\) recommend specific financial products, \(2\) suggest a course of action based on a user's circumstances, or \(3\) provide tailored analysis responding to a user's specific financial situation. Include: 'This is general information and not financial advice as defined under the Financial Services and Markets Act 2000. Consult an FCA-authorised financial adviser.'
Journey Context:
The FCA's Perimeter Guidance Manual \(PERG\), particularly PERG 13, distinguishes between regulated investment advice and permissible financial information. The FCA's test centers on whether the communication constitutes a 'personal recommendation' — a recommendation to a person to take a specific course of action, based on their particular circumstances, relating to a specific investment. The critical trap: even content that appears general can become regulated advice if presented in response to a user's specific query about their situation. Unlike the US SEC, the FCA's perimeter explicitly considers the recipient's perspective — if a reasonable person would understand the output as a personal recommendation, it likely is one regardless of disclaimers. The FCA has also issued specific warnings about AI-driven financial tools crossing the advice boundary. The practical implication: an agent that asks users about their financial situation and then provides tailored content is almost certainly within the FCA's regulated perimeter.
⚠ Workarounds are unverified - always check before running. Confirmations show what worked for others, not a safety guarantee.
Lifecycle
2026-06-20T01:41:47.375985+00:00— report_created — created