The FCA has published its regulation round-up for October 2015. One of the key topics this month is the Financial Advice Market Review (FAMR), a joint consultation between the FCA and HM Treasury which was launched in August. As part of the consultation, the FCA and HM Treasury are seeking input on how to regulate financial advice services more effectively and improve the market for consumers. The call for inputs is open until 22 December.
Also of interest:
- The FCA has made changes to its regulatory guide on unfair terms in consumer contracts. The changes are as a result of the Consumer Rights Act 2015, which came into force on 1 October 2015.
- The FCA is calling for inputs on competition in the mortgage sector. This provides an opportunity to help the FCA identify areas where competition could be improved. The call for inputs is open until 18 December.
- The FCA is finalising its rules to ban opt-out selling and finalising its Handbook and non-Handbook guidance. The rules and Handbook guidance will come into force on 1 April 2016 and the FCA expects firms to comply from that date.