UK FCA Consumer Duty (Principle 12 and PRIN 2A)
PRIN 2A.2: the cross-cutting obligations (good faith, foreseeable harm, financial objectives) – UK FCA Consumer Duty (Principle 12 and PRIN 2A)

UK FCA Consumer Duty (Principle 12 and PRIN 2A) 2a2-good-faith: Act in good faith towards retail customers: honesty, fair and open dealing, and conduct consistent with their reasonable expectations

What does 2a2-good-faith require?

Good faith towards retail customers is the first cross-cutting obligation: a standard of honesty, of fair and open dealing, and of conduct that matches what those customers reasonably expect. The guidance gives failures: disregarding customers' interests in product design or in how information is presented, exploiting behavioural biases or information gaps, and treating customers differently once they are locked in. Pursuing legitimate commercial interests and profit remains allowed where it is done consistently with the Duty.

Maintained by Gerard Blokdyk

Other controls in PRIN 2A.2: the cross-cutting obligations (good faith, foreseeable harm, financial objectives) – UK FCA Consumer Duty (Principle 12 and PRIN 2A)

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The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.