Update to action plan on retail financial resilience: supplier control over material assets
Call for input
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- Closed
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- Industry sector
- Supply and Retail Market
- Decision
We are updating our action plan on retail financial resilience with further actions that we propose to take ensure that risks are not passed on inappropriately to consumers. We are proposing a new outcome that suppliers should have sufficient control of their material economic and operational assets, and setting out the actions we plan to take to achieve this outcome. As an immediate measure, we are setting out our expectations around how suppliers should comply with their existing obligations in this area. This includes consulting on changes to guidance on the Financial Responsibility Principle (FRP) and publishing additional guidance on the Operational Capability Principle.