A Closer Look at Principle 12
The High-Level Standards Block of the FCA Handbook includes the Principles for Businesses Sourcebook (PRIN), which confirms the Principles that underpins how the FCA regulates our industry. The Consumer Duty means that a new Principle 12 has been created: A firm must act to deliver good outcomes for retail clients. This doesn’t mean that […]
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Are Board and Senior Managers Ready Beyond 31st July 2023?
Are Board and senior managers ready beyond 31st July 2023? By now almost all Firms subject to the Consumer Duty regime have made significant strides to adequately plan, prepare and embrace what the Duty is set out to do. There is no shying away and Board and senior managers will have to comply with this […]
