Changes to the original scheme are a result of "conflicting feedback from consumers, their representatives, firms, manufacturers and industry bodies," the FCA has said.
Brokers
Our regular roundup of the latest news and developments from the FCA.
DFSA fines two firms for inadequate system controls, reporting failure and deceptive conduct.
The final figure of around £8.2 billion ($10.99 billion) is less than previous estimates, but good news for around 14 million people.
Millions of customers of motor finance schemes are expected to start receiving compensation from banks and lenders next year.
The regulator's supervisory statement seeks to clarify its expectations of brokers in connection with client securities trading during times of market turbulence.
The consultation report also draws attention to increased trading frequency as well as potentially opaque fee structures.
Also discussed in this informative and collegial session was communication surveillance and the focus of recent supervisory visits.