The FCA has published Handbook Notice 14, setting out changes made to the FCA Handbook under the following instruments made by the FCA Board on 24 and 26 June 2014:

  • Periodic Fees (2014/2015) and Other Fees Instrument 2014. This instrument sets out certain fees rates and levies rates for 2014/15. It came into force on 4 July 2014;
  • Crowdfunding (Amendment) Instrument 2014. This instrument makes administrative changes to various modules of the FCA Handbook, which correct or clarify existing provisions. None of these changes represents any alteration in FCA policy and they have not been consulted on. The instrument came into force on 4 August 2014;
  • Personal Pension Scheme Operators (Capital Requirements) Instrument 2014. This instrument makes changes to the prudential framework for self-invested personal pension (SIPP) operators by changing the minimum level of capital the FCA expects an industry participant to have invested in its business. The instrument comes into force on 1 September 2016; and
  • Temporary Marketing Restriction (Contingent Convertible Securities) Instrument 2014. This instrument introduces a temporary product intervention restricting the marketing of contingent convertible securities (CoCos) to retail investors. The instrument comes into force on 1 October 2014. The FCA published a communication on 5 August 2014 that contains details about the restriction.

View Handbook Notice 14, 5 August 2014