Source · Select Committees · Treasury Committee
Recommendation 21
21
Paragraph: 112
Provide FOS with powers to address SME personal guarantees and investigate other identified remit gaps.
Recommendation
The FCA should provide the FOS with the necessary powers to address personal guarantees for SMEs, so that their service is consistent with consumers. The FCA should also investigate widening the FOS’s remit to cover the other gaps they identified and keep the Committee informed of their conclusions.
Paragraph Reference:
112
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 ↗