Although the FCA published a three-year Strategy last year, it also published the usual 12-month Business Plan, and has done so again this year. Within the Business Plan 2023/24 the FCA has set out an ambitious programme for the next 12 months to achieve better...
In this latest podcast and transcript dedicated to the Consumer Duty, FCA Head of Competition Policy Ed Smith talks about the FCA’s expectations for manufacturers to complete and share their products and services reviews by 30th April 2023, and the reasons...
The FOS award limit is the maximum amount it can require a financial business to pay when it upholds complaints. This limit is adjusted each year in line with inflation, as measured by the Consumer Prices Index (CPI). The FCA has confirmed that, from 1 April 2023, the...
The FCA has published a call for input on whether the thresholds for SMEs to be able to refer complaints to FOS remain appropriate. This review seeks to ensure that access to the Ombudsman Service remains available for SMEs that are unlikely to be able to resolve...
The Regulatory Initiatives Grid is updated twice each year by the Financial Services Regulatory Initiatives Forum, which is made up of representatives from the Bank of England, FCA, PRA, Payment Systems Regulator, the Competition and Markets Authority, the ICO, The...
The FCA has published its Q4 2022 financial promotions data and an annual financial promotions overview for 2022. The Q4 2022 page analyses the latest data covering 1st October 2022 to 31st December 2022 from the FCA’s action against authorised firms breaching...
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