United Kingdom: FCA Consumer Duty for financial services including digital payment providers

On 31 July 2023, the United Kingdom's Financial Conduct Authority (FCA) implemented the Consumer Duty final rules for new and existing products and services open to sale or renewal. The implementation period is extended until 31 July 2024 for produc…

On 27 July 2022, United Kingdom's Financial Conduct Authority (FCA) published the Consumer Duty final rules, along with feedback to its previous consultation on the issue. The rules will apply to new products from 31 July 2023. The rules introduce a…

On 15 February 2022, United Kingdom's Financial Conduct Authority (FCA) closed the further consultation on its second consultation paper regarding the proposed Consumer Duty rules for financial services. The rules would introduce a new standard of c…

On 7 December 2021, the United Kingdom's Financial Conduct Authority (FCA) published a second consultation paper on its proposed Consumer Duty rules and opened a further consultation until 15 February 2022. The rules would introduce a new standard o…

On 31 July 2021, the United Kingdom's Financial Conduct Authority (FCA) closed its consultation paper the proposed Consumer Duty rules for financial services. The rules would introduce a new standard of care for regulated firms towards their consume…

On 13 May 2021, the United Kingdom's Financial Conduct Authority (FCA) published a consultation paper on its proposed Consumer Duty rules and opened a consultation until 31 July 2021. The rules would introduce a new standard of care for regulated fi…