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FCA “assertive” in Consumer Duty supervision

Montage of the FCA logo
Photo: FCA/ GRIP Montage.

FCA Enforcement Watch 2 focuses on the regulator’s approach to supervising and enforcing the Consumer Duty three years after its introduction.

The FCA now has 11 open investigations examining potential Consumer Duty breaches, up from the six it reported as open in the first edition of Enforcement Watch. The investigations cover a variety of sectors and firms including insurance, pensions, wealth management, consumer investments, peer-to-peer lending, and claims management.

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