Financial regulator mulls ‘duty of care’ and new damages regime – OUT-LAW.com
‘The FCA is seeking views on whether there is a need for a new customer “duty of care” or “fiduciary duty”, or whether the existing rules already provide sufficient protections for consumers. It is also seeking views on a new right for consumers to seek private damages against firms which have breached the new duty or the regulatory principles set out in the FCA Handbook, particularly the requirement to “treat customers fairly”.’
OUT-LAW.com, 23rd July 2018
Source: www.out-law.com