Skip to Primary Navigation

Skip to main content

FCA publishes Consumer Duty papers on the application to wholesale activity

FCA building.
Photo: FCA

Lorraine Johnston, Ashurst; Jake Green, Ashurst Perkins Coie

3 min read

Regulator seeks clarity on the correct approach to the application of the Consumer Duty on wholesale firms.

On September 30, 2025, the FCA published three papers on the Consumer Duty.

  • A letter to UK Chancellor Rachel Reeves fulfilling its Mansion House commitment to address concerns about the application of the Consumer Duty for firms primarily engaged in wholesale activity.
  • Consumer Duty requirements review: update, setting out the FCA’s progress
    • , , , ,

    Get full access, free for a month

    Start your 28-day free trial to continue reading and access all content on GRIP – no payment details required.

    Start free trial
    Sign in

    What’s included:

    • Every new article, plus our 5,000+ archive
    • Daily regulatory insight and guidance
    • Exclusive interviews and in-depth analysis
    • Coverage of industry-leading events and conferences
    • All podcasts and videos, featuring industry experts
    • The full set of Rules Navigator tools
    • An ad-free experience