The FCA has published new web pages announcing modifications of consent relating to the following:

  • 1A.1.1R(3) in the Client Assets sourcebook (CASS), which relates to CASS medium and CASS large firms that have cancelled their authority to hold client money and their permission for safeguarding and administering investments (without arranging);
  • 5.6.22R in the Collective Investment Schemes sourcebook (COLL), which will enable managers and depositaries of authorised funds that invest in immovable property to provide guarantees and indemnities to third parties where required by the terms of the purchase to do so; and
  • certain rules in the Conduct of Business sourcebook (COBS) and COLL, which allow alternative fund managers of a non-UCITS retail scheme to choose to produce an equivalent document to the UCITS Directive key investor information document.

View Applying for a waiver by consent – modification by consent of IPRU(INV) 11, 18 February 2014