FCA launches consultation on SMEs joining Ombudsman scheme

The Financial Conduct Authority (FCA) wants to widen access to the Financial Ombudsman Service, enabling more firms to act if they feel badly treated by banks. Currently, only individuals or firm with fewer than 10 staff can use the Ombudsman to settle financial disputes. Under the FCA proposals, firms with up to 50 staff could use the service. An additional 160,000 small firms would be able to use the service based on the FCA consultation document last month.

 

By | 2018-02-23T17:22:45+00:00 February 23rd, 2018|Uncategorised|Comments Off on FCA launches consultation on SMEs joining Ombudsman scheme

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Director of Cynergie UK Ltd B.Eng., M.Sc., MBA