With digital transactions increasingly becoming the norm, the importance of safeguarding consumers against fraud has never been more critical. Recognising the ever-growing threat of fraud,
In a recent speech on 1st November, Nisha Arora, Director of Cross Cutting Policy and Strategy at the FCA, highlighted the ongoing commitment and challenges
The Consumer Duty comes into force on 31 July for new and existing products and services that are open for sale or renewal. The implementation
With the Consumer Duty deadline approaching, the Financial Conduct Authority (FCA) has issued a timely warning to financial services firms. The FCA emphasises the importance
On 30 March 2023, the FCA held a webinar discussing their expectations for firms regarding the implementation of the Consumer Duty, which is set to
The FCA has launched their Consumer Duty survey to understand the progress firms are making in implementing the Duty. The survey, which will be carried
Although the final Consumer Duty deadline is July, there has been some key milestones, including an interim deadline of 30th April 2023 when firms need
With only five months before the Consumer Duty comes into force, the FCA has issued a letter to payment firms about the need for them
The FCA highlights focus areas for firms in implementing the Consumer Duty With only 6 months till the implementation deadline for the Consumer Duty regulation,
The FCA held discussions with regulated firms across different industries since they published the final Consumer Duty rules in July 2022. The watchdog identified a