In this paper we consult on proposed changes to some of the rules in our Compensation sourcebook (COMP) that govern the operation of the Financial Services Compensation Scheme (FSCS).
In this consultation paper we propose:
You should read this consultation paper if you are:
It will also be of interest to consumers and consumer representatives because it proposes changes to the compensation arrangements available to them.
We want to know what you think of these proposals. Please respond to our questions using our online form by 29 February 2016.
You can also email your answers to:
Or in writing to:
Strategy and Competition Division
Financial Conduct Authority
25 The North Colonnade
London E14 5HS
We will consider your feedback and finalise our rule changes. We intend to publish our rules in a Policy Statement in Q2 2016.
Note: We make all responses to formal consultation available for public inspection unless the respondent requests otherwise. We will not regard a standard confidentiality statement in an email message as a request for non-disclosure.
Despite this, we may be asked to disclose a confidential response under the Freedom of Information Act 2000. We may consult you if we receive such a request. Any decision we make not to disclose the response is reviewable by the Information Commissioner and the Information Rights Tribunal.
Copyright © 2016 FCA. All Rights Reserved.