Regulatory AlertsGC18/2: Open consultation on fairness of variation terms in financial services consumer contracts
The Financial Conduct Authority issued GC18/2 to consult on the fairness of variation terms within financial services consumer contracts under the Consumer Rights Act 2015. This open consultation sought stakeholder feedback on regulatory guidance regarding how these terms are assessed for fairness and transparency. The consultation period ran from May to September 2018, concluding with finalized guidance published in December 2018.
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