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Consumer Duty – FCA information and help

The FCA has added to its published information relating  to Consumer Duty to help firms with implementation.

 

 

The most recent addition to the Consumer Duty webpages is an information for firms page to help firms implement the Duty. This explains more on the areas of the Duty that firms have been raising queries on. It currently covers:

  1. October implementation plans
  2. Consumer Duty Board Champions
  3. Definition of closed products

The FCA has committed to keeping these pages updated so firms should review the site regularly over the coming weeks and months.

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Consumer Duty – FCA information and help

Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.

ATEB Compliance offers compliance and regulatory advice.

ATEB Suitability provides report writing software for the financial services market.

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