Is The Financial Dispute Resolution Commission Independent?

Is The Financial Dispute Resolution Commission Independent?

The Financial Dispute Resolution Commission (FDRC UK) maintains a steadfast commitment to independence in its decision-making processes and administration of the Dispute Resolution Committee. This independence extends to its members and the industry sectors within its jurisdiction, which provide funding for its operations.

The Dispute Resolution Committee is responsible for:

  • Entirely handling and determining complaints; and
  • Being solely accountable to The Financial Dispute Resolution Commission Board.

The role of The Financial Dispute Resolution Commission Board is to oversee the operations of the Dispute Resolution Committee, ensuring impartial decision-making in all complaints and safeguarding the integrity and independence of both the FDRC UK and the dispute resolution processes.

To maintain its independence and avoid conflicts of interest, The Financial Dispute Resolution Commission Board consists of:

  • An independent Chairman; and
  • No Dispute Resolution Committee member brokers.

It’s essential to note that neither The Financial Dispute Resolution Commission nor the Dispute Resolution Committee is employed by any financial brokerage or affiliated with any regulatory agency in any jurisdiction. Our commitment to independence ensures fair and unbiased dispute resolution for all parties involved.

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