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UK financial firms consulted on rulebook changes after Consumer Duty introduced

( December 9, 2025, 13:51 GMT | Official Statement) -- MLex Summary: UK financial firms have been invited to provide feedback on the UK financial watchdog's plans to update its rulebook following the introduction of the Consumer Duty requiring them to put their customers' needs first. The Financial Conduct Authority's proposed technical changes include removing three insurance data returns, reviewing eligibility and disclosure rules for packaged bank accounts, simplifying rules on collective investment client assets and removing references no longer needed now the Consumer Duty is in force. The seven-week consultation closes on Jan. 27. Statement is attached....

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