On 28 January 2022, the FCA published Handbook Notice 95, which describes the changes to the FCA Handbook and other material made by the Financial Conduct Authority (FCA) Board under its legislative and other statutory powers on 16 December 2021 and 27 January 2022.
The FCA has made changes to the Handbook using the following instruments:
- Application Fees (Amendment) Instrument 2021: the changes will make the FCA’s application fees more transparent, restore the value of charges which have been eroded by inflation, reducing the costs recovered from existing firms through periodic fees; simplify our online applications system so that the FCA can in the future adjust its fees more easily and inexpensively; and improve the targeting of cost recovery for certain applications.
- Handbook Forms (EU Exit) Instrument 2022: the changes will ensure that the FCA removes EU-related references which are no longer valid or relevant from our Handbook forms. Further, the changes replace these EU-related references with the relevant UK-related references. As such, the FCA anticipates that updated forms will support firms in meeting their regulatory obligations, including preventing consumer harms and creating better outcomes for consumers.
- Handbook Administration (No 58) Instrument 2022: the FCA Board has made minor changes to various modules of the FCA Handbook. These changes were not consulted on separately because they are minor amendments which correct or clarify existing provisions which have previously been consulted on.
To view Handbook Notice 95, please click here.