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More UK small businesses allowed to refer complaints to ombudsman under FCA rules

( October 16, 2018, 14:37 GMT | Official Statement) -- MLex Summary: More than 210,000 more small and medium-sized companies in the UK will become eligible to refer unresolved complaints to the country’s Financial Ombudsman Service, the Financial Conduct Authority said today. Revealing "near-final" rules, the FCA said the measure will apply to SMEs with an annual turnover under 6.5 million pounds and fewer than 50 employees, or that have an annual balance sheet below five million pounds.The statement follows. The document is attached. ...

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