Practitioners — Company Secretaries · updated 2026-06-11

Finding#1 . Misstated FSMA 2023 role in creating the Consumer Duty

RLB Citation ID: RLB-F-GB-FCA-CONSUMER-DUTY-PS22-9-Q002

AI's failure:Misstated Rule Risk for Company Secretaries:Regulatory enforcement / professional liability exposure

What the RLB Specialist Panel found

Finding#1 . Misstated FSMA 2023 role in creating the Consumer Duty

Citation ID: RLB-H-GB-FCA-CONSUMER-DUTY-PS22-9-Q002-Sonnet46
AI's failure: AI confidently misstated the legal basis of a regulator instrument
Risk for Company Secretaries: Professional liability and regulatory enforcement exposure where the FCA's text resolves the question differently Company secretaries drafting Consumer Duty board-paper authority sections need a clean statutory citation. A board paper that cites only FSMA 2000 misses the post-Brexit FSMA 2023 framework, which leaves the directors unable to engage with the full architecture in the rare event the question is escalated. The cost is not direct enforcement, but the loss of board-paper authority that flows from an incomplete legal underpinning.
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Impact for Company Secretaries in the United Kingdom advising on the Consumer Duty (PS22/9 + PRIN 2A)

Company secretaries drafting Consumer Duty board-paper authority sections need a clean statutory citation. A board paper that cites only FSMA 2000 misses the post-Brexit FSMA 2023 framework, which leaves the directors unable to engage with the full architecture in the rare event the question is escalated. The cost is not direct enforcement, but the loss of board-paper authority that flows from an incomplete legal underpinning.

References — raw findings (per AI model)

RLB-H-GB-FCA-CONSUMER-DUTY-PS22-9-Q002-Sonnet46 Claude Sonnet 4.6 (web search on)

This finding also affects

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Cite this finding

Each finding has a stable Citation ID (RLB-F-… for aggregated case-study findings, RLB-H-… for raw per-model hallucinations) — like a DOI, the ID always resolves to the canonical finding even if URLs change.

RLB Citation ID: RLB-F-GB-FCA-CONSUMER-DUTY-PS22-9-Q002

Plain text Download

RegLeg Specialist Panel (2026). "Finding#1 . Misstated FSMA 2023 role in creating the Consumer Duty — Practitioners — Company Secretaries." Citation ID: RLB-F-GB-FCA-CONSUMER-DUTY-PS22-9-Q002. RegLegBrief AI Hallucination Research, published 2026-06-11. https://reglegbrief.com/regulators/j3/gb/fca/consumer-duty-ps22-9/practitioners/company-secretaries/finding/GB-FCA-GB-001-CONSUMER-DUTY-PS22-9-v1-002/

APA 7th edition Download

RegLeg Specialist Panel. (2026). Finding#1 . Misstated FSMA 2023 role in creating the Consumer Duty [Hallucination finding RLB-F-GB-FCA-CONSUMER-DUTY-PS22-9-Q002]. RegLegBrief AI Hallucination Research. https://reglegbrief.com/regulators/j3/gb/fca/consumer-duty-ps22-9/practitioners/company-secretaries/finding/GB-FCA-GB-001-CONSUMER-DUTY-PS22-9-v1-002/

Bluebook / OSCOLA (US + UK legal) Download

RegLeg Specialist Panel, Finding#1 . Misstated FSMA 2023 role in creating the Consumer Duty [RLB-F-GB-FCA-CONSUMER-DUTY-PS22-9-Q002], RegLegBrief AI Hallucination Research (June 11, 2026), https://reglegbrief.com/regulators/j3/gb/fca/consumer-duty-ps22-9/practitioners/company-secretaries/finding/GB-FCA-GB-001-CONSUMER-DUTY-PS22-9-v1-002/.

BibTeX Download

@misc{reglegbrief_RLB_F_GB_FCA_CONSUMER_DUTY_PS22_9_Q002,
  author    = {RegLeg Specialist Panel},
  title     = {Finding#1 . Misstated FSMA 2023 role in creating the Consumer Duty},
  year      = {2026},
  publisher = {RegLegBrief AI Hallucination Research},
  note      = {Hallucination finding Citation ID: RLB-F-GB-FCA-CONSUMER-DUTY-PS22-9-Q002},
  url       = {https://reglegbrief.com/regulators/j3/gb/fca/consumer-duty-ps22-9/practitioners/company-secretaries/finding/GB-FCA-GB-001-CONSUMER-DUTY-PS22-9-v1-002/}
}

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