Source · Select Committees · Treasury Committee
Recommendation 9
9
Paragraph: 61
Find replacement dispute resolution for FOS-ineligible SMEs and consult by year end 2024
Conclusion
HM Treasury must find a way to continue to meet the dispute resolution needs of those SMEs ineligible for FOS access (including considering whether the FCA was correct in assuming that expanding the FOS’ thresholds would be a disproportionate cost). A consultation on a replacement mechanism must take place by year end 2024.
Paragraph Reference:
61
Government Response
A response document is linked to this report, dated 12 December 2024. Response attribution to this conclusion has not been verified. Read the response document ↗