This Handbook Notice sets out the instruments that the FCA Board approved on 29 and 31 October 2024.
The instruments that were approved are:
- Technical Standards (Bilateral Margining) (Amendment) Instrument 2024. In summary, this instrument makes consequential amendments to Binding Technical Standards (BTS) 2016/2251 to reflect the expected changes to Article 4 and 11 of UK EMIR made in the Securitisation (Amendment) Regulations 2024.
- Technical Standards (Credit Rating Agencies Regulation) (Amendment) Instrument 2024. In summary, this instrument makes a consequential amendment to the UK on-shored version of BTS 2015/2, the regulatory technical standards for the presentation of the information that credit rating agencies make available to the FCA.
- Handbook Administration (No 71) Instrument 2024. In summary, the amendments correct an error in SUP 16 Annex 48AR and DISP App 4.4.2R to provide clarity.