CP25/37: Targeted clarifications of Handbook materials

Read CP25/37

Why we consulted

Our proposals in this consultation are designed to:

• Resolve uncertainty in our rules and guidance, that have been wholly or in part superseded.
• Introduce greater proportionality and clarity to existing rules.
• Resolve clear cases of conflict and duplication in our rules.
• Seek views on how we could enhance our support for smaller firms.

Who this applies to

These proposals would apply to:

• Regulated firms offering products and services to retail customers or conducting retail market business.
• UK authorised fund managers (AFMs).
• Insurers and Lloyd’s managing agents.
• Insurance intermediaries.
• Firms that provide funeral plans.
• Banks.

This consultation will also be of interest to:  

• Academics and think tanks.
• Policy makers and other regulatory bodies.
• Industry groups and trade bodies.
• Industry experts and commentators.
• Consumer groups and individual consumers.

Next steps

On 26 June 2026, we published Handbook Notice 142 which contained consultation feedback and confirmed changes made by the FCA Board.

Background

The proposals in this CP seek to advance the outcomes of the Consumer Duty Requirements Review and the ambitious workplan set out in FS25/2: Immediate areas for action and further plans for reviewing FCA requirements following introduction of the Consumer Duty.

The proposals in this paper also support the priorities set out in our strategy 2025 to 2030 (PDF).