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FCA consults on removal of non-UK business from Consumer Duty scope

Montage of the FCA logo
GRIP Montage: FCA

Hameed Shuja

2 min read
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The FCA said the changes are part of its plans to give wholesale firms the confidence to apply the Duty proportionately.

The UK’s financial regulator has launched a consultation on proposals to remove non-UK business from the scope of its Consumer Duty framework in order to make it easier for wholesale financial businesses involved in retail markets to comply with the rules.

The FCA said the proposed changes are in response

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