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FCA meets City firms to ‘make expectations clear’ on WhatsApp use

Watchdog wants to ensure ‘effective policies’ are in place to monitor staff

Fines from the SEC have sparked action in London
Fines from the SEC have sparked action in London Photo: Getty Images

The City regulator has been meeting a host of firms as its probing of so-called off-channel communications takes further shape.

The Financial Conduct Authority is urging firms to have a “compliance or consequence” culture, according to one individual who has met the regulator on the subject.

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