The redress exercise — the FCA operating model

A universal, FCA-mandated process flow for any firm-led redress exercise (the term FG26/2 uses for what is often called a remediation or rectification programme) — 15 stages with decision gates and regulatory references, from issue trigger through root cause, notification, redress, and close-out certification.

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Scope scales with you: Praxis runs a single redress exercise as one file, a Portfolio View across many exercises, and ultimately your firm's whole approach to identifying and rectifying harm. This is the L1 generic FCA-derived model — sub-process detail (L2) and firm-specific encoding (L3) are shared under engagement.