This part of the FCA Handbook11 sets out how complaints are to be dealt with by respondents (firms, payment service providers,2 electronic money issuers, 514CBTL firms, designated credit reference agencies, designated finance platforms 9 and VJ participants) and the Financial Ombudsman Service.
It refers to relevant provisions in the Act and in transitional provisions made by the Treasury under the Act. It includes rules and directions10 made by the FCA11 and rules made (and standard terms set) by FOS Ltd with the consent or approval of the FCA.1111876151111
The powers to make rules and directions10 (or set standard terms) relating to firms, payment service providers,2 electronic money issuers, 514CBTL firms, designated credit reference agencies, designated finance platforms 9 and VJ participants derive from various legislative provisions; but the rules (and standard terms) have been co-ordinated to ensure that they are identical, wherever possible. 11387615
Chapter 1: Treating complainants fairly
DISP 1 contains rules and guidance on how respondents should deal with complaints promptly and fairly, including complaints that could be referred to the FOS. Some of these rules also apply to certain branches of firms elsewhere in the EEAand certain EEA firms carrying out activities in the United Kingdom under the freedom to provide cross border services.4
Chapters 2 - 4: The Financial Ombudsman Service
The scope of the two615 jurisdictions is defined by: the type of activity to which the complaint relates; the place where the activity took place; the eligibility of the complainant; and the time limits for referring a complaint to the Financial Ombudsman Service.615615