Financial Services Duty of Care Bill 2019-20 reintroduced to Parliament
The Financial Services Duty of Care Bill 2019-20 has been reintroduced to the House of Lords. The Bill requires the Financial Conduct Authority (FCA) to make rules for authorised persons to owe a duty of care to consumers in their regulated activities. The Bill was originally introduced in the 2017-19 parliamentary session as a private members' bill and so had to be reintroduced for the 2019-20 session. The Bill received its first reading in the House of Lords on 9 January 2020. A date for the second reading of the Bill is yet to be scheduled.