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Consumer Duty Phase 2 Tender

Financial Conduct Authority

This public procurement record has 4 releases in its history.

Award

26 Oct 2026 at 12:42

UK7 - Contract Details Notice
Award

17 Sep 2026 at 16:40

UK6 - Contract Award Notice
Tender

02 Jul 2026 at 17:17

UK4 - Tender Notice
Planning

13 Mar 2026 at 14:43

UK2 - Preliminary Market Engagement Notice
Summary of the contracting process

The Financial Conduct Authority (FCA) procured financial product datasets and data supply services to support its Consumer Duty work. The requirement was divided into five areas: investment and savings accounts, pension products, investment management services, alternative finance products (including crowdfunding and peer-to-peer lending), and contracts for differences trading. The datasets were intended to help the FCA assess financial products in the context of the Consumer Duty. The procurement covered delivery in the United Kingdom. The awarded contract information names Defaqto Ltd as supplier and describes the work as the provision of data for Consumer Duty. The requirement is therefore most relevant to data providers with coverage of one or more of these financial product markets, rather than firms supplying financial products or investment services directly.

The FCA used an open procedure, and the contracting process is recorded as complete. Defaqto Ltd was selected as supplier; the award entry is dated 16 September 2026, and the associated contract is active and was signed on 22 October 2026. The contract is valued at £468,705.32 excluding VAT (£562,446.38 including VAT), with an initial period from 22 October 2026 to 21 October 2027 and an optional one-year extension. The tender’s published maximum estimate was £352,000 excluding VAT (£422,500 including VAT). The tender allowed bids for one or more lots, with one supplier appointed per lot. Technical questions carried 70% of the evaluation and commercial terms 30%. The award information also records a separate pending award to Defaqto dated 16 September 2026, valued at £352,000 excluding VAT.

For suppliers considering similar FCA requirements, the commercial fit is strongest for organisations able to collect, maintain and supply reliable financial product datasets. Relevant market coverage spans investment and savings accounts, pensions and investment management, as well as alternative finance and contracts for differences trading. The evaluation put substantially greater weight on technical responses than on price, so credible evidence of data coverage, accuracy, consistency and the ability to deliver usable datasets would be important when competing for comparable work. The contract was awarded to Defaqto, a supplier recorded as an SME, demonstrating that this data-provision requirement was not confined to large providers. Businesses with specialist financial-market data and the operational capacity to support a regulatory buyer would be well placed to assess the fit of future FCA requirements of this kind.

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Notice Information

Notice Title

Consumer Duty Phase 2 Tender

Notice Description

Provision of financial products data to support the Consumer Duty. Contract value published represents maximum value of contract (including optional extension)

Lot Information

Investment and Savings Accounts

Options: One optional extension period of 12 months.

Renewal: One optional extension period of 12 months,

Pension Products

Options: One optional extension period of 12 months.

Renewal: One optional extension period of 12 months,

Investment Management Services

Options: One optional extension period of 12 months.

Renewal: One optional extension period of 12 months,

Alternative Finance Products

Datasets: Crowdfunding, Peer to Peer (P2P) lending

Options: One optional extension period of 12 months.

Renewal: One optional extension period of 12 months,

Contracts for Differences (CFD) Trading

Dataset: Contracts for Differences (CFD) Trading

Options: One optional extension period of 12 months.

Renewal: One optional extension period of 12 months,

Planning Information

If you are interested in participating in this PME, please register on FCA's Atamis portal to view the RFI documentation and timetable: https://atamis-fca.my.site.com/s/Welcome

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-066a06
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/100986-2026
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support

CPV Codes

72314000 - Data collection and collation services

72319000 - Data supply services

Notice Value(s)

Tender Value
£352,000 £100K-£500K
Lots Value
£352,000 £100K-£500K
Awards Value
£352,000 £100K-£500K
Contracts Value
£468,705 £100K-£500K

Notice Dates

Publication Date
26 Oct 2026Yesterday
Submission Deadline
31 Jul 2026Expired
Future Notice Date
Not specified
Award Date
16 Sep 20261 months ago
Contract Period
22 Oct 2026 - 21 Oct 2027 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Active, Complete
Awards Status
Active, Pending
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Financial Conduct Authority
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E20 1JN
Postcode Area
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI London, TLI4 Inner London - East
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

Defaqto Limited

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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