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National Law Review
National Law Review
7/3/2026
The original headline is: "UK Consumer Duty- FCA Consults on Scope and Proportionality"

The original headline is: "UK Consumer Duty- FCA Consults on Scope and Proportionality"

Original: UK Consumer Duty- FCA Consults on Scope and Proportionality

Short summary

The FCA is consulting on targeted changes to the Consumer Duty, narrowing its application to UK retail customers, clarifying scope through a new regulatory framework (PRIN 3A), and proportionately calibrating obligations across distribution chains. The changes aim to reduce complexity for wholesale and cross-border firms while maintaining consumer protections. Firms should review proposals; consultation closes September 18, 2026.

  • •FCA proposes narrowing Consumer Duty to UK retail customers ordinarily resident in UK
  • •New framework (PRIN 3A) to clarify scope and reduce complexity for wholesale/cross-border firms
  • •Consultation deadline: September 18, 2026; final rules expected Q1 2027

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