The Financial Conduct Authority (FCA) says it will invest £5.3m to "ensure the Consumer Duty is embedded effectively". The new regulation is front and centre in the regulator's 2023/24 business plan, which details its scheduled work for the next 12 months. The plan - published today (5 April) - states that Consumer Duty will be an integral part of the FCA's regulatory approach and mindset "at every stage of the regulatory lifecycle" from authorisation and policy development through to supervision and enforcement priorities and processes. The watchdog said the £5.3m in new funding a...
To continue reading this article...
Join International Investment
Signup and gain exclusive members-only insights
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes
