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UK FCA consults on simplifying rules and guidance, publishes competitiveness report

( July 29, 2024, 14:45 GMT | Official Statement) -- MLex Summary: UK financial services providers have been asked to respond to the Financial Conduct Authority’s call for input on simplifying rules and guidance. The FCA said that in some instances, increased reliance on the Consumer Duty could deliver “substantially the same outcomes” as detailed rules. The watchdog has also published a report on its secondary growth and competitiveness, which came into effect in August 2023.Statement below, documents attached. Financial regulator seeks to reduce burdens on firms and support growth ...

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