FCA consults on new consumer duty in retail financial markets

Following the April 2019 publication of its feedback statement on a duty of care and potential alternative approaches, the Financial Conduct Authority (FCA) is consulting until 31 July 2021 on a new Consumer Duty that would set clearer and higher expectations for firms’ standards of care towards consumers.

Related briefings

Government announces extension to the moratorium on Coronavirus-related commercial forfeiture

Along with other unprecedented measures to protect the public and the economy, the UK government announced on 23 March 2020 that commercial landlords are to be precluded from forfeiting commercial leases and evicting the tenant for non-payment of rent. This measure was originally in place until 30 June 2020. It was initially extended until 31 December.

Food labelling – Natasha’s Law

From 1 October 2021, the food labelling requirements for foods which are prepacked for direct sale (PPDS) will change in England, Wales and Northern Ireland.

Latest Briefings

The Regulatory 15/15: May 2021

This month’s webcast covers the following Cayman Islands topics: CIMA Inspections of SIBA Registered Persons; Department of International Tax Cooperation (“DITC”) – Updates Bulletin – 15 April 2021; Economic Substance; and Monthly New Product

Coronavirus Portugal: Simplified Support

The simplified support is a support created for micro-enterprises, in a business crisis situation and which have benefited from the simplified Lay-off or from the gradual recovery support, in the amount of EUR 1,330 per employee covered by those measures, paid in a phased manner over 6 months.

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