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complaints involving mis-sold financial products

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three jurisdictions<br />

the extent of our jurisdiction is set by Parliament<br />

and by rules made under powers given by legislation<br />

compulsory jurisdiction<br />

(1 Dec 2001)<br />

consumer credit jurisdiction<br />

(6 Apr 2007)<br />

voluntary jurisdiction<br />

(1 Dec 2001)<br />

21,000 FCA-regulated<br />

retail firms (not just<br />

regulated activities)<br />

includes earlier events<br />

if covered by a<br />

previous ombudsman<br />

100,000 businesses<br />

with OFT standard<br />

licences covers<br />

only events from<br />

6 Apr 2007 onwards<br />

not required by law to join<br />

but formally agree to deal<br />

with <strong>complaints</strong> – and<br />

comply with our decisions<br />

(includes past events)<br />

© May not be reproduced without per<strong>mis</strong>sion of Financial Ombudsman Service Ltd 4

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