Regulatory Review and Data-Driven Compliance
FCA's Two-Stage Review Process: The Financial Conduct Authority (FCA) has launched a two-stage review to assess how firms treat vulnerable customers, beginning with a wide-reaching questionnaire in Stage 1, followed by a more detailed Stage 2 for selected firms based on their initial responses. This method allows the FCA to effectively identify areas of concern and ensure firms prioritize consumer protection. FCA Investigation
Impact of Data Requests on Large Debt Solution Providers: Recent confirmations of data requests to large debt solution providers indicate the FCA’s increasing scrutiny and proactive approach to compliance. This is particularly relevant for firms in financial services and debt management, as it underscores the importance of maintaining robust data handling and reporting practices.
Policy and Reporting Standards
Product Sales Data (PSD) Reporting – PS24/3: Following consultation paper CP23/21, the FCA has established ...
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