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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