WebFeb 3, 2024 · The new Consumer Duty aims to make firms more accountable for supporting the lives of consumers across the UK. The FCA published its second consultation paper on the introduction of a new ‘Consumer Duty’ on 7th December 2024. This follows a first consultation that took place earlier in 2024, the responses to which the … WebApr 13, 2024 · HM Treasury has today 13 April announced the appointment of Sophie Hutcherson to the Board of the FCA alongside the reappointment of Bernadette Conroy for a second term. Sophie has 30 years’ experience in financial services having worked as senior advisor to the CEO at Wells Fargo and held various senior positions at Deutsche bank …
The FCA’s new Consumer Duty - Bird & Bird
WebDec 11, 2024 · How to open FCA files. Important: Different programs may use files with the FCA file extension for different purposes, so unless you are sure which format your FCA … WebThe new principle, rules and guidance will sit within the High-Level Standards Principles (PRIN) sourcebook. The Consumer Principle will become Principle 12 with Principles 6 … lodging on lake champlain
UK Adopts a New Consumer Duty: Key Implications for Financial …
WebFCA has published its final rules and guidance for a new Consumer Duty that will set higher and clearer standards of consumer protection across financial services and require firms … WebMar 30, 2024 · Regulation in the insurance industry is as certain as death and taxes but The Financial Conduct Authority's (FCA) new Consumer Duty is a profound shift in the approach to regulation, prompting fervent discussion since consultation initiated in 2024. Due to be implemented at the end of July, it applies a new Consumer Principle which … WebAug 10, 2024 · On 27 July 2024, the FCA set out its final rules and guidance for a new Consumer Duty to be introduced into the FCA’s principles for businesses. This Consumer Duty aims to increase the current level of consumer protection in the retail financial services market by setting clearer and higher standards for the culture of firms and the conduct … indochine nancy