On 10 September 2025, the Financial Conduct Authority (FCA) published Consultation Paper 25/24: Quarterly consultation paper No. 49 (CP25/24).
In CP25/24 the FCA proposes the following miscellaneous amendments to its Handbook to:
- Extend chapter 6 of the Decision Procedure and Penalties Manual to Private Intermittent Securities and Capital Exchange System.
- Remove most statutory declarations from mutuals registration function forms to reduce the time and expense involved for mutual societies submitting applications to the FCA.
- Amend the frequency of Section E, G and M of the Retail Mediation Activities Return. These returns have been identified as part of the data decommissioning workstream to further reduce firm burden.
- Give proper effect to existing ESG sourcebook rules and providing flexibility for firms to publish ongoing product-level sustainability reports in alignment with other annual fund reporting requirements.
- Update the Perimeter Guidance Manual as a result of the HMT statutory instrument which restates Commission Delegated Regulation (EU) 2017/565 (the MiFID Org Regs) into the Handbook.
- Amend UK Listing Rule 9.6.6R to align the timing and frequency of post-trade share buy-back notifications with the requirements for the buy-back programme exemption under the Market Abuse Regulation (Article 2(3) of the UK version of Commission Delegated Regulation (EU) 2016/1052).
- Implement the Berne Financial Services Agreement.
- Remove regulatory contactless limits and instead allow banks and other payment service providers to deliver contactless payments whenever they identify that a transaction poses a low level of risk.
The deadline for comments on CP25/24 is 15 October 2025.