What are the Governance and Conduct Rule Implications of the New FCA Consumer Duty?
6 March 2023
The FCA's new Consumer Duty (the 'Duty') regime will come into effect for new and existing products and services on 31 July 2023. As part and parcel of the planning for, and implementation of, the new Duty firms need to consider the implications of the regime's new governance requirements and the addition of the new ''Conduct Rule 6" to existing Senior Managers & Certification Regime (SM&CR) requirements – and how they equip their workforce.
Clifford Chance
