Regulatory Alerts2018-01-19
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PS18/21: SME access to the Financial Ombudsman Service - near-final rules
The Financial Conduct Authority issued Policy Statement 18/21 to finalize rules regarding Small and Medium-sized Enterprises' access to the Financial Ombudsman Service. The document establishes the criteria for determining whether a business qualifies as an SME eligible for the ombudsman's jurisdiction. These near-final rules implement changes following the consultation period outlined in CP18/3 to ensure consistent regulatory application.
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