Regulatory Alerts2021-12-03
Added · Updated
Compensation framework review: response to feedback and next steps
The Financial Conduct Authority plans to review the Financial Services Compensation Scheme funding class thresholds and compensation limits in 2023 to ensure they remain appropriate. The regulator intends to consult on proposed changes to compensation rules during the 2023/24 financial year, with a view to confirming any changes by the end of that year. These actions address stakeholder feedback regarding the high cost of compensation liabilities and the scope of FSCS protection for consumers and industry levy payers.
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