WebJun 24, 2024 · New guidance has been issued by the FCA, alongside an open Dear CEO letter explaining that it will no longer wait for Customer Duty to take effect before taking … WebJul 27, 2024 · Financial Conduct Authority ... and Finalised Guidance (FG22/5). Update: 7 December 2024. On 7 December 2024, we published a further consultation on a new Consumer Duty, including feedback to CP21/13. Read the full consultation CP21/13 (PDF) ... even if they do not have a direct relationship with the end customer. We refer to the …
Vulnerable customers - understanding and meeting the FCA
WebFCA’s finalised guidance 6 for firms. 2: Embed a consistent approach to recording vulnerability data ... firms could: a. Use the definition of a vulnerable customer set by the FCA 7 consistently across their firm when recording data, while flexibility may be required to adapt to particular ‘vulnerable individual’ 8 should also be ... WebOct 21, 2024 · Regulator: FCA. The FCA work on Vulnerable Customers started in July 2024. It’s progress has been delayed by the coronavirus pandemic, although it is also the case that the FCA appear to have used firms responses to the pandemic to help test and validate some of its work so far. Finalised Guidance was issued in February 2024 and … haylo wines
Guidance on the fair treatment of vulnerable customers - TLT LLP
WebMar 29, 2024 · Following two consultations, the FCA published its long awaited Finalised Guidance on the fair treatment of vulnerable customers on 23 February 2024. The guidance will be of particular interest to ... WebFeb 23, 2024 · The FCA’s finalised vulnerability guidance published today is a powerful call to action for financial services firms Joanna Elson, Money Advice Trust The FCA has also published a Memorandum... WebApr 15, 2024 · The fair treatment of vulnerable customers has been a longstanding concern for the FCA. With the release of its Finalised Guidance (FG21/1) the FCA has made a … haylow lights