Written Question·Treasury·UIN 75776

Financial Conduct Authority: Powers

Tabled: 8 September 2025

Answered: 15 September 2025

Question

Manuela Perteghella

To ask the Chancellor of the Exchequer, what recent assessment she has made of the adequacy of the Financial Conduct Authority’s powers to sanction regulated firms that fail to comply with decisions of the Financial Ombudsman Service.

Answer

Lucy Rigby

Businesses that are regulated by the Financial Conduct Authority (FCA) are required by its rules to co-operate with the Financial Ombudsman Service (FOS), including by complying with any determination that it may make, if that determination is accepted by...

ⓘ

This is an extract from the Parliament API. Search the full answer on Parliament.uk (UIN 75776) →