On 11 December 2024, the FCA published its findings following a review into firms’ approaches to completing the first annual Consumer Duty board report. The FCA has also set out good practice and areas for improvement.
Under the Consumer Duty, a firm must prepare a report for its governing body setting out the results of
On 11 December 2024, the FCA published its findings following a review into firms’ approaches to complaints and root cause analysis. The FCA has also set out good practice and areas for improvement.
Understanding and monitoring the outcomes customers are experiencing – and acting where there are problems – is an essential part of meeting
On 10 December 2024, the Financial Services and Markets Act 2000 (Disclosure of Confidential Information) (Amendment) Regulations 2024 were laid before Parliament and published on legislation.gov.uk, along with an explanatory memorandum.
The Regulations amend the Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001 to rectify a drafting deficiency and widen
On 10 December 2024, the Financial Conduct Authority (FCA) published a letter from its chief executive Nikhil Rathi to the chair of the Treasury Committee, Dame Meg Hillier MP, regarding the latest version of the FCA’s perimeter report which was published on 9 December 2024.
In the letter, dated 6 December, the FCA
On 10 December 2024, the Treasury Committee published various letters relating to its Sexism in the City inquiry, on which it reported in March 2024.
The letters include:
On 10 December 2024, the Financial Conduct Authority (FCA) published a letter from its chief executive Nikhil Rathi and chair Ashley Alder, responding to HM Treasury’s (HMT) remit letter sent in November 2024.
In its response, the FCA thanks HMT for providing it with clear recommendations for aspects of the Government’s
On 9 December 2024, the Financial Conduct Authority (FCA) published a new webpage setting out information on its follow-up work to the super-complaint by the Federation of Small Businesses (FSB) on requiring personal guarantees for business loans.
Background
The FSB submitted a super-complaint to the FCA in December 2023, which centred
On 9 December 2024, the Financial Conduct Authority (FCA) published a new webpage setting out its priorities under the Consumer Duty for the remainder of 2024/25.
Background
The FCA notes that, while affected stakeholders will largely be aware of these initiatives, it is setting them out in response to industry feedback that it
On 9 December 2024, the Financial Conduct Authority (FCA) updated its perimeter report. The FCA’s perimeter sets out what it does and does not regulate, and the report describes specific issues around it and the action the FCA is taking in response.
Updates reflected in the latest version of the report include:
On 6 December 2024, the FCA published Consultation Paper 24/26: Quarterly Consultation Paper No 46 (CP24/26).
In CP24/26 the FCA sets out the following miscellaneous amendments to the Handbook: