FCA: Call for Input for the review of FCA retail conduct requirements following introduction of the Consumer Duty.
FCA has announced that it wishes to seize the opportunity of the Consumer Duty and the move to a clear outcomes-based approach to streamline the Rulebook Amongst other matters, FCA is seeking views on the following: which detailed rules or guidance could be simplified to rely on high-level rules, or have interactions with other rules which could be clarified; how any steps to simplify our rules and guidance affect our statutory objectives; the appropriate balance between high-level and more detailed rules; the potential benefits and costs from simplifying the rules. Responses are required by 31 October 2024.