UK's FCA reviews rules to simplify Consumer Duty, aiming to reduce business burden and boost economic growth.
The UK's Financial Conduct Authority (FCA) is reviewing its rules to potentially simplify and remove overlaps with the recently introduced Consumer Duty. The aim is to reduce the burden on businesses and encourage economic growth. This move could lower costs for firms, encourage innovation, and support the risk appetite needed for growth, ultimately boosting international competitiveness and the economy.
July 29, 2024
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