Financial Services Duty of Care Bill

Regulatory Updates | 09/01/20

A Bill to require the Financial Conduct Authority (FCA) to make rules for authorised persons to owe a duty of care to consumers in their regulated activities had its first reading (without debate) in the House of Lords on 9 January 2020. The Bill was initially laid before Parliament late in the 2017-2019 Parliamentary session, and has now been reintroduced. No date has yet been set for the second reading of the Bill.