WebFeb 22, 2024 · The UK’s Financial Conduct Authority (FCA) published final guidance ( FG22/5) and a policy statement ( PS22/9) for the new consumer duty (Duty) on 27 July … WebJul 27, 2024 · Read FG22/5 [PDF] What we are changing We are introducing rules comprising: A new Consumer Principle that requires firms to act to deliver good …
FCA publishes policy statement on new Consumer Duty
WebNov 1, 2024 · In July, FCA published its Consumer Duty policy statement ( PS22/9 ) and finalised guidance (FG22/5). If you haven’t already received our summary and guidance, please do let us know. More recently, FCA published updates to their webpage for firms on different Cons ... and finalised guidance (FG22/5). If you haven’t already received our ... WebAug 15, 2024 · - Nile Back Vulnerable customers: The FCA’s New Consumer Duty is everyone’s duty. Inclusive design isn’t just a job for an accessibility team anymore. This is for everyone. It’s great news for vulnerable customers, but we anticipate it will be a significant challenge for many FS firms. Sarah Ronald 15 August 2024 5 min read Blog … dan brady state rep
FG22/5 - Final non-Handbook Guidance for firms on the …
WebAug 10, 2024 · The Duty is to be applied in accordance with: – PS22/9 FCA Policy Statement and the final Handbook rules for ‘A new Consumer Duty’, published 27th July 2024 with forward-looking effect from 31 July 2024, … WebDec 20, 2024 · The Financial Conduct Authority (FCA) has published its final rules for the Consumer Duty (PS22/9), together with additional guidance (FG22/5), and these must be complied with by 31 July 2024 for all open products and services. An additional 12 months will be granted for closed products and services. WebAug 14, 2024 · The Financial Conduct Authority (FCA) has now published its final rules and guidance on its new Consumer Duty (PS22/9 and FG22/5). The Consumer Duty is designed to fundamentally shift the mindset of firms in how they deliver for consumers. The implementation of the Consumer Duty is a flagship initiative for the FCA, setting out its … birds nesting in grapevine