Written Question – Treasury [20/07/2017]

Question:
To ask Mr Chancellor of the Exchequer, if the Government will introduce a requirement on the Financial Conduct Authority to set out a reasonable duty of care for financial services providers to exercise towards their customers. (4474)

Tabled on: 12 July 2017

Answer:
Stephen Barclay:

The government recognises that there are different views on the merits of introducing a duty of care for financial services providers. The government welcomes the Financial Conduct Authority’s commitment to publish a discussion paper to explore the issue of duty of care, as part of the planned review of their Handbook described in their Mission document published in April.

The answer was submitted on 20 Jul 2017 at 15:13.

 

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