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FCA publishes Consumer Duty papers on the application to wholesale activity

FCA building.
Photo: FCA

Lorraine Johnston | Ashurst, Jake Green | Ashurst

3 min read
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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.

  1. 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.
  2. Consumer Duty requirements review: update, setting out
  3. Consumer
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