FCA to publish smaller firm guide this year

Regulator has heard that smaller firms would like further Consumer Duty support

Isabel Baxter
clock • 3 min read

The Financial Conduct Authority (FCA) is expected to publish a guide for smaller firms this year on regulation including Consumer Duty.

In its feedback statement – ‘Immediate areas for action and further plans for reviewing FCA requirements following introduction of the Consumer Duty' - released today (25 March), the regulator outlined that is has heard from smaller firms that they would like further support in implementing outcomes-focused regulation and would like dedicated guides to understand its requirements, in one place. "We take this approach at present for some specific issues (such as through our Financial Crime Guide)," the FCA said. "We are mindful that sector-specific guides can create difficulties in that a...

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Isabel Baxter
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Isabel Baxter

Senior Reporter at Professional Adviser

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