FCA to consult on Consumer Duty scope and exemptions

Regulator pledges more clarity on distribution chains and non-UK business

Sahar Nazir
clock • 2 min read

The Financial Conduct Authority (FCA) will consult in the first half of 2026 on potential changes to the scope of the Consumer Duty, including how it applies across distribution chains and whether existing exemptions go far enough.

In an update published yesterday (30 September), the regulator said it intends to make clearer where the Duty applies and where it does not, and will review whether some activities, such as business with non-UK customers, should sit outside its scope. Following feedback gathered at the FCA's regulatory summit in July and via responses to its call for input, the watchdog said it will consult in H1 2026 on changes to rules on the application and requirements of the Duty, including through distribution chains. "We will make it clearer where the Duty applies and where it doesn't. We will ass...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Common language used by advisers triggers anxiety and distrust among retirees

Common language used by advisers triggers anxiety and distrust among retirees

Product-led communication one of the biggest drivers of mistrust

Laura Purkess
clock 01 April 2026 • 1 min read
Advisers: Are you even taking your own advice?

Advisers: Are you even taking your own advice?

Exploring the expenditure consolidation conversation

Nick Ryan
clock 25 March 2026 • 4 min read
CISI welcomes 76 Certified financial planners

CISI welcomes 76 Certified financial planners

Number of UK CFP professionals continues to rise

Sophia Panayi
clock 24 March 2026 • 1 min read