Web9 dec. 2024 · The Consumer Duty (the Duty) has far-reaching implications for firms’ treatment of consumers and will require firms to consider almost every aspect of the firm … Web26 okt. 2024 · The hugely significant shift towards the FCA’s new Consumer Duty will culminate in its first deadline on Monday 31st October, when Implementation Plans needs to be ready for regulatory scrutiny. Under the Duty’s overarching Consumer Principle of ‘A firm must act to deliver good outcomes for retail clients’ are four key outcomes for firms …
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WebThe UK Consumer Duty (the Duty) is the most material piece of cross-sectoral conduct regulation in the UK of the last decade. The Consumer Principle (the requirement for … Web12 apr. 2024 · The UK’s Financial Conduct Authority (FCA) published guidance for the new Consumer Duty rules in July 2024, which will come into force on 31 July 2024 for financial products and services. By 20 April 2024, firms are expected to have finished their review of existing products. Web13 okt. 2024 · FCA’s paradigm shift: a new Consumer Duty At the end of July 2024 the FCA issued its final paper on 'Consumer Duty' detailing new rules set to deliver higher standards of consumer protection across financial services. Here we take a quick look at the what, who and when so you can start to prepare. What is the new Consumer Duty? riverside health clinic indiana