UK financial sector sees proposal to cut some consumer protection rules
( March 25, 2025, 10:13 GMT | Official Statement) -- MLex Summary: The UK financial sector has seen proposals to streamline rules and reduce burdens on businesses following the introduction of the Consumer Duty in a feedback statement from the Financial Conduct Authority. Potential changes would be delivered quickly as the FCA pledged to act through an accelerated consultation process. Initiatives to cut red tape include removing some prescriptions in financial promotions rules, increasing flexibility in retail banking disclosures, and reviewing the international application of its conduct rules. The FCA will seek further input from the industry later this year. Feedback statement is attached....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.