Compliance experts disagree with FCA's potential phased implementation period for Consumer Duty

Thumbs down

Compliance professionals have come out against any delay in the Financial Conduct Authority implementing Consumer Duty rules as the watchdog ponders switching to a phased implementation period.

The regulator detailed last December that it would introduce a consumer duty to increase customer protection with final rules due at the end of this month with an implementation period running to 30 April 2023.

However, at the beginning of July, the FCA revealed all options were on the table ahead of possible phased implementation period. Reports suggested this could involve delays of up to six months. 

Compliance experts have argued the original date for the regulations to be applied should

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options


Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: