Skip to content
UK Consumer Duty - What does it mean for third country firms

UK Consumer Duty - What does it mean for third country firms

Publications
06 October 2022
Related people
Penn Bob
Image of Paul Edwards
Cizeika Tamara
Penn Bob
Bob Penn

Partner

London
Image of Paul Edwards
Paul Edwards

Associate

London
Cizeika Tamara
Tamara Cizeika

Counsel

London
Johnstone Nikki
Nikki Johnstone

Partner

London
Regnard-Weinrabe Ben
Ben Regnard-Weinrabe

Partner

London
Thomas Amanda
Amanda Thomas

Partner

London
Anderson Tom
Tom Anderson

Executive Director, A&O Consulting

London
Hitchins Sarah
Sarah Hitchins

Partner

London

Headlines in this article

Related news and insights

Publications: 03 April 2024

Plan for the worst, hope for the best: PRA policy on solvent exit planning for non-systemic banks and building societies

Publications: 22 March 2024

Key Regulatory Topics: Weekly Update 15 - 21 Mar 2024

Blog Post: 20 March 2024

Our top ten enforcement takeaways from the FCA Business Plan 2024/25

Blog Post: 18 March 2024

Unpacking the FCA’s survey on non-financial misconduct

The FCA published its final rules on the Consumer Duty in a Policy Statement on 27 July 2022 (PS22/9) and firms now have until 31 July 2023 to fully implement such rules for new and existing products or services and until 31 July 2024 for closed products or services.
Firms must establish implementation plans by October 2022.  This briefing discusses the territorial scope of the Consumer Duty and the implications for third-country firms conducting business with retail investors in the UK.  A separate briefing: (i) summarising the basic requirements of the regime is available here.
Download PDF

Related expertise