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FCA Policy Statement PS26/4: Consumer Duty Closed Products & Digital Services Standards

Authentic statutory obligations decomposed into atomic machine-actionable conditions, actions, and verification standards.

Official Legal Text
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Approved

Obligation Control 1: Regulated firms must act in good faith towards retail customers, avoid causing foreseeable

Regulated firms must act in good faith towards retail customers, avoid causing foreseeable harm, and enable and support retail customers to pursue their financial objectives. Firms must monitor and regularly review customer outcomes through automated data collection, telemetry, and executive audit committees.

Required Actions & Enforcement

Action Type:VERIFY_POLICY_ENFORCEMENT

Trigger Conditions (AST Logic)OP: AND

statutory.clause_1.verifiedEQUALStrue