The Financial Conduct Authority (FCA) is consulting on changes to its handbook to resolve “uncertainty on certain rules and guidance” which has arisen as market practice has “moved on”.
The regulator said today (9 December) that the proposed rule changes would also introduce greater proportionality and resolve clear cases of conflict and duplication. Its latest consultation paper forms part of its Consumer Duty Requirements Review (CDRR). It said: "We want to simplify our requirements, by relying more on high-level rules, while ensuring we continue to support and protect customers. "In some areas, market practice has moved on from when we made the rules, while changes to our wider requirements have made other rules unnecessary. We want to make sure we remove outda...
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