On 3 October 2024, the FCA published Handbook Notice 122.

This Handbook Notice describes the changes to the FCA Handbook and other material made by the FCA Board under its legislative and other statutory powers on 18 September 2024 and 3 October 2024. Where relevant, it also refers to the development stages of that material, enabling readers to look back at developmental documents if they wish.

In summary the FCA Board approved the:

  • Dispute Resolution: Complaints Sourcebook (Motor Finance Discretionary Commission Arrangement Complaints) (Amendment) Instrument 2024. This instrument follows CP24/15 and amends DISP App 5.1 and App 5.2 so to extend the pause on the requirement for firms to provide a final response to Discretionary Commission Arrangement complaints within 8 weeks, giving complainants the right to go to the Financial Ombudsman.
  • Change in Control (Aggregation of Holdings) Instrument 2024. This instrument follows CP24/11 and amends SUP 11.3 and 11 Annex 6G. In particular, it replaces wording in SUP 11.3.1BG to refer readers to the final non-Handbook guidance in relation to the prudential assessment of acquisitions and increases in control.
  • EU Withdrawal (Miscellaneous Amendments) Instrument 2024. This instrument amends various FCA sourcebooks including the Glossary, PRIN 3.1 and 3.3, SYSC 23 Annex 1, GEN 2.2, 4.3, 4 Annex 1B, TP 5 and TP 6, SUP 16.30 and PERG 13.1 and 13.2. The instrument removes expired provisions relating to the temporary permissions regime and the temporary marketing permissions regime and implements terminology changes from the Retained EU Law (Revocation and Reform) Act 2023.
  • Technical Standards (Markets in Financial Instruments Transparency) (Transitional Provisions) Instrument 2024. This instrument follows CP24/10 and makes changes to the onshored versions of Commission Delegated Regulation (EU) 2017/577, Commission Delegated Regulation (EU) 2017/583 and Commission Delegated Regulation (EU) 2017/587. In summary, the changes extend the temporary regime which allowed the FCA to not have to follow the methodology prescribed in EU legislation for calibrating the regime of pre- and post-trade transparency for bonds and derivatives, pending the revision of the transparency regime which is expected to take effect towards the end of 2025.