CP25/37: Targeted clarifications of Handbook materials

Read CP25/37[3]

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• Resolve uncertainty in our rules and guidance, that have been wholly or in part superseded.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[4] 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[5] 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[6].

The proposals in this paper also support the priorities set out in our strategy 2025 to 2030 (PDF)[7].