The Financial Conduct Authority (FCA) has published an updated version of its List of non-legal corrections and clarifications in the FCA Handbook which contains changes the regulator has recently made to its Handbook which were NOT outlined in any corresponding instrument. The modifications are technical in nature, including corrections and adjustments primarily for clarification, correction, and regulatory alignment purposes. They do NOT alter current regulations and policies contentwise.
In this particular case, the following FCA Handbook sections are concerned and were modified:
(1) GEN General Provisions, specifically GEN 2.1.2R as regards the application of the rules and guidance noted in the general provisions; and
(2) UNFCOG The Unfair Contract Terms and Consumer Notices Regulatory Guide, specifically UNFCOG 2.1.1 which provides a link to the „Unfair Contract Terms Library“ where more information can be found in terms of what may be considered „unfair contract terms“ pursuant to the „Consumer Rights Act 2015“.
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The FCA emphasizes that none of the changes are regarded as having „a legal effect“ or as „policy changes“ to the Handbook.
