Source · Select Committees · Financial Services Regulation Committee
Recommendation 35
35
Paragraph: 187
The FCA’s implementation of the Consumer Duty has introduced considerable uncertainty for domestic and international...
Conclusion
The FCA’s implementation of the Consumer Duty has introduced considerable uncertainty for domestic and international firms operating in the UK. This uncertainty is driven by a lack of clarity on the FCA’s expectations as to how firms should comply with the Consumer Duty, including which markets and customers it applies to.
Paragraph Reference:
187
Government Response
A response document is linked to this report, dated 3 September 2025. Response attribution to this conclusion has not been verified. Read the response document ↗