Is your Consumer Duty board report ready?

Under the FCA’s Consumer Duty, firms need to submit their first board report by 31 July. To support members in meeting this deadline and ensuring they have covered all key details, the BVRLA is launching member guidance as part of next week’s Compliance Forum.

Forming part of the association’s suite of guidance documents and resources for members, the Board Report file is set up to help members create and submit their first board report with confidence. As well as including a checklist of what needs to be included, preventing key areas from potentially being missed, the document will include top tips and support for testing that outcomes are in line with the Consumer Duty requirements. 

Attendees to the July Compliance Forum will get first sight of the guidance, as well as the opportunity to put questions to the BVRLA’s Compliance team and a host of experts from across the sector. 

The half-day event will include a range of sessions exploring the changing regulatory landscape, as well as deep dives into each aspect of ESG.  

The Compliance Forum programme is accessible to members via an annual subscription. Members with a subscription for 2024 should confirm their spots for Thursday 18 July now. Pro-rated subscriptions for the remaining two events of 2024 (two tickets to each event) are still available. Visit the Compliance Forum page for details.