FCA on the duty of care and potential alternative approaches

Regulatory Updates | 13/02/19

The FCA has announced that it is reviewing and considering the responses from its July 2018 discussion paper (DP18/5), and will use these to inform the next steps in its work, which will be announced in Spring 2019. The FCA published DP18/5 as part of its work to understand more fully what outcomes might be achieved by creating a new duty of care for firms when dealing with consumers and what such a duty of care for firms in financial services might do to enhance behaviour in the financial services market.