FCA's proposed Consumer Duty rules to have 'wide-ranging implications' on firms

Must prevent consumer harm

Sophie King
clock • 6 min read
The 56-page paper explains the areas of consumer harm the financial advice sector should address, and the new rules the FCA believes should do just that.
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The 56-page paper explains the areas of consumer harm the financial advice sector should address, and the new rules the FCA believes should do just that.

The Financial Conduct Authority (FCA) has said the proposals in its new paper will have ‘wide-ranging implications for firms’.

In its consultation published on Friday (14 May), CP21/13: A New Consumer Duty, the regulator proposed to expand its existing rules to ensure firms provide a "higher level of consumer protection co...

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