FCA to bring forward discussion paper on duty of care

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 from the EU. On 6th February, however, it was announced by MP John Glen, economic se...