Britain's financial watchdog said on Wednesday it planned to curb the marketing of cryptoassets and other high-risk investments, a move that comes amid a
BBC News
By Kevin Peachey
Published
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Financial firms will need to ensure terms and conditions are easy to understand and products provide fair value for customers, under new plans.
Businesses must already treat customers fairly, but the UK s financial regulator is looking to bolster the rules with a new Consumer Duty.
The Financial Conduct Authority (FCA) wants the heightened rules in place by July next year.
They are intended to protect consumers and make it clear how to complain.
The FCA said that many financial firms had operated with a focus on helping customers during the pandemic.