FCA to bring forward discussion paper on duty of care

Adam Saville
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FCA to bring forward discussion paper on duty of care

Instead of happening after Brexit, The Financial Guidance and Claims Bill will now happen before the end of the year

In order to bring in duty of care for financial services, an amendment to the Financial Services and Markets Act 2000 is needed. Since November 2017, Macmillan's ‘Banking on Change' campaign has been pushing for duty of care amendments to The Financial Guidance and Claims Bill, which finished committee stage earlier this month. The FCA had agreed to explore duty of care by publishing a discussion paper as part of its review of its handbook, which was expected to take place after the UK's withdrawal...

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