Both the Financial Conduct Authority and the Prudential Regulation Authority are seeking comments to amend their so-called “Complaints Scheme.” Under this scheme, both authorities appoint an independent person (known as a “Complaints Commissioner”) to formally investigate complaints against them. Under the proposed amendment, the Complaints Commissioner would be required to produce an annual report to be sent to each authority and Her Majesty’s Treasury summarizing complaints. The Treasury must provide the annual report and any response to the UK Parliament. Comments to the proposal must be made by March 9, 2016.