Regulatory AlertsCP21/5: Quarterly Consultation Paper No. 31
The Financial Conduct Authority proposes amendments to the Compensation and Training and Competence sourcebooks to clarify rules, extend FSCS powers for debt management claims, and update qualification requirements. These changes aim to ensure consistent treatment of claims, enhance consumer protection by requiring notification of adviser failures, and align guidance with current regulatory standards. The Authority invites public comments on these proposals, noting that they are intended to improve market integrity and operational efficiency without significantly impacting mutual societies or competition.
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