FCADiscussion Paper on a duty of care and potential alternative approaches

Recommended reading

Financial Conduct Authority

Release date:
July 2018

FCA Discussion Paper DP18/5

The discussion paper explores if there is a need for a specific duty of care requirement for firms in financial services.  It explores if a new duty of care could enhance good conduct and culture and provide additional protections for consumers. If changes are required the paper asks what those changes could look like and what the impact would be for consumers, firms and the FCA.  It also explores what the possible alternative approaches to a new duty might be.

Link to publication