The logo of the new Financial Conduct Authority (FCA) is seen at the agency's headquarters in the Canary Wharf business district of London in this file photo dated April 1, 2013. REUTERS/Chris Helgren
LONDON (Reuters) - Financial advisers accepting free invitations to sports events or dinners risk breaching hospitality rules, Britain's Financial Conduct Authority (FCA) said on Monday.
The FCA has powers to ban or fine individuals working in financial services and wants to ensure that advisers are not swayed by generous hospitality into recommending a particular company's product to their clients.
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