On 18th October 2022 the Lloyd’s Market Association (LMA) published a general guidance document for the implementation of the FCA Consumer Duty. This document aims to support the work of managing agencies in the Lloyd’s market in implementing the FCA Consumer Duty;...
In January 2021 the FCA announced what it referred to as its ‘use it or lose it’ campaign, reminding firms of their obligation to regularly review regulatory permissions to ensure they are up to date and removed where they are not needed. Following a Consultation...
“To drive real change will require a change of focus” The FCA has set out plans for, and is consulting on a new Consumer Duty impacting authorised firms. The FCA intends that the new Duty will set clearer and higher expectations for firms’ standards of care towards...
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