ISLA publishes guidance on application of FCA Consumer Duty to securities lending

ISLA published a joint paper with Clifford Chance: Guidance on Application of the FCA Consumer Duty to Securities Lending. Its purpose is to provide an overview of the scope of application of the UK Financial Conduct Authority’s (FCA)’s Consumer Duty rules and guidance, focusing on how these requirements apply in respect of typical agency securities lending scenarios.

In July 2022, the UK Financial Conduct Authority (FCA) published final rules and guidance implementing a new Consumer Duty that aims to set higher and clearer standards of consumer protection and improve outcomes for consumers across financial services.

Access the guidance

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