UK: FCA permiter report - online harms and fraud

The Financial Conduct Authority has today published its annual permiter report: see here (pdf). Within it, the FCA joins those calling for changes to made to the Government's Online Safety Bill in respect of fraud. The report states (pp. 31-31):

We continue to believe the protection of consumers from illegal online scams would be strengthened through clear legal obligation on platform operators within the Government’s Online Safety Bill (OSB) and that the duties in the OSB should extend to paid-for advertising, as well as user-generated content. We also hope that the OSB can be amended to designate content relating to fraud offences as ‘priority’ illegal content and so require monitoring and preventative action by platforms".