United Kingdom · Question · Written question
HL HL2980
Financial Services: Standards
Introduced
27 October 2022
Last action
9 November 2022 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
9 November 2022
Summary
To ask His Majesty's Government whether they consider that the new Consumer Duty set out by the Financial Conduct Authority in their policy statement PS22, published on 9 July, is the same as a general duty of care; and if not, what the differences are.
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Timeline
27 October 2022
Written question
To ask His Majesty's Government whether they consider that the new Consumer Duty set out by the Financial Conduct Authority in their policy statement PS22, published on 9 July, is the same as a general duty of care; and if not, what the differences are.
Source: Lords
9 November 2022
Answer
The Consumer Protection from Unfair Trading Regulations 2008 (CPRs) prohibit traders from engaging in unfair commercial practices towards consumers. The CPRs already prohibit practices that contravene the requirements of professional diligence, which is d...
Source: Written answer
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- · Treasury · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2022-10-27/HL2980
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1537026
- uk · wq-1537026 · source updated 9 November 2022