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We set out the final rules and guidance for a new consumer duty that will set higher and clearer standards of consumer protection across financial services and require. The consumer duty (duty) (as set out in the fca’s policy statement ps22/9 and guidance. This document is aimed at smaller firms and is intended as an ‘at glance’ summary
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We strongly encourage firms to read the full suite of ami’s factsheets and to refer to the fca policy. The consumer duty applies to firms that materially influence consumer outcomes As you will have seen, the long awaited final fca policy statement on the consumer duty (ps22/9) and the finalised guidance (fg22/5) have been published on 27 july.
The fca has now published its final rules and guidance on its new consumer duty (ps22/9 and fg22/5) which are designed to fundamentally shift the mindset of firms in how.
The fca’s new “consumer duty” following two consultation papers issued in 2021 and the final guidance being published in july 2022, the financial conduct authority (“fca”) has published. A new consumer duty, alongside finalised guidance fg22/5 With this in mind, in order to improve consumer outcomes, on 27 july 2022 the fca published its policy statement ps22/9, “a new consumer duty” along with the final rules inserted into the.
