Am I Legally Bound by The Financial Dispute Resolution Commission’s Decision?

The decision rendered by The Financial Dispute Resolution Commission (FDRC) carries legal weight, but its binding nature varies depending on your role in the process.

For complainants:

If you are the complainant, the FDRC’s decision becomes legally binding only if you willingly accept it. If, for any reason, you disagree with the FDRC’s decision, you retain the right to explore alternative remedies through the courts or other relevant forums.

For FDRC members:

Once a complainant accepts the FDRC’s decision, it becomes binding not just on the complainant but also on the FDRC member involved in the dispute resolution process.

Moreover, as part of this binding agreement, the complainant is required to sign a legal document affirming their commitment to abide by the FDRC’s decision. Additionally, if compensation is awarded, the complainant is precluded from seeking further restitution through legal or regulatory avenues. This ensures a fair and conclusive resolution to the dispute.

At FDRC, our commitment is to deliver transparent, effective, and legally enforceable resolutions, while providing clear guidance and support to all parties involved in the process.