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New FCA Principle 12: Consumer Duty

Akin Gump Strauss Hauer & Feld LLP

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USA September 9 2022

The FCA is introducing a new Principle for Businesses, namely Principle 12: “A firm must act to deliver good outcomes for retail customers.” Firms will need to assess and evidence how they are acting to deliver good outcomes for their retail customers throughout the lifecycle of the products and services they provide to them.

Akin Gump Strauss Hauer & Feld LLP - Helen Marshall, Ezra Zahabi, Joe Hewton and Phil Davies
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  • Banking
  • Akin Gump Strauss Hauer & Feld LLP

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  • Financial Conduct Authority (UK)

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