Global Trustee and Fiduciary Services Bite-Sized Issue 12 2025

22 QUICK LINKS COSTS & CHARGES CRYPTOASSETS FINTECH FSB IOSCO OPERATIONAL RESILIENCE SAVINGS AND INVESTMENT UNION SUSTAINABLE FINANCE/ESG T+1 ASIA PACIFIC EUROPE NORTH AMERICA UNITED KINGDOM Global Trustee and Fiduciary Services Bite-Sized | Issue 12 | 2025 • Making little or no changes to their products or services in response to the Consumer Duty; • Applying varying levels of overnight funding charges without providing clear justification – the potentially significant charges often were not adequately disclosed; and • Charging overnight funding separately on matched long and short positions, incurring potentially significant ongoing charges with little benefit for the consumer. Where necessary, the FCA said it will engage directly with firms included in the review to drive improvements. The FCA said it will also consider further work to address the issues identified, and will act against any firms and individuals that fail to meet required standards. Link to the Multi-firmReview here