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The Financial Conduct Authority in the U.K. is providing feedback and asking for additional guidance as it moves forward with new rules for accountability.

The new regime is designed to encourage individual accountability for decision-making in banks, building societies, credit unions and designated investment firms, notes the Authority in a release. The rules will be relevant for U.K. branches, and foreign banks.

Read the consultation paper.

Any comments on this consultation paper are due by June, 16 2015.

Also read:

CRA gets ‘C’ grade from small business

Tax games: Are some companies playing with fire?

Originally published on Advisor.ca

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