FCA doubles down as it seeks to lower burden on firms and support growth
The Financial Conduct Authority has launched a review which it claimed could streamline the rules governing financial services to reduce burdens on businesses.
The call for input, which runs until 31 October, comes a year after the Consumer Duty came into force for new and existing products and services that are open for sale or renewal.
The Consumer Duty marked a seismic shift in the FCA’s expectations and was targeted at ending rip-off fees and making it easier for people to switch and cancel products.
RelatedFCA confirms 12-month implementation for Consumer Duty FCA opens discussion on commercial insurance regulationThe regulator is now calling on
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