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How decision on a key definition affects SMEs

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Published on: 01 February 2024
Published by a Law360 reporter

Table of contents

  • Reasons behind the FCA's decision
  • Impact

Article summary

Law360: The Financial Conduct Authority (FCA) recently decided against extending the definition of small and mid-sized enterprises, or SMEs, for the purposes of compulsory jurisdiction by the Financial Ombudsman Service (FOS), following a call for evidence. Rachael Healey, partner at Reynolds Porter Chamberlain LLP, explores how decision on a key definition affects SMEs.

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Jurisdiction(s):
United Kingdom

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