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Topic: FCA / PRA Handbook

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FCA Research Agenda

On 17 April 2019, the FCA set out its Research Agenda. The FCA’s research interests fall across five broad and complementary themes: household finance and consumer behaviour. The FCA states that to protect consumers, it needs a comprehensive understanding of individuals’ and households’ financial circumstances and decisions, as well as how firms respond to them. … Continue Reading

FCA Handbook Notice No. 64

On 29 March 2019, the FCA published Handbook Notice No. 64. The Handbook Notice describes the changes to the Handbook, Binding Technical Standards and other material made by the FCA under its legislative and other statutory powers on 28 February and 28 March 2019, and by the Board of the Financial Ombudsman Service, subject to … Continue Reading

PRA Policy Statement 6/19: responses to chapters 3-7 of CP24/18

On 5 March 2019, the PRA published Policy Statement 6/19: Responses to CP24/18 Occasional Consultation Paper – chapters 3 – 7 (PS6/19). In PS6/19 the PRA provides feedback to responses to chapters 3 to 7 of Consultation Paper 24/18: Occasional Consultation Paper (our blog is here). It also includes the final rules, and updated Supervisory … Continue Reading

FCA Handbook Notice 63

On 1 March 2019, the FCA published Handbook Notice 63, which sets out changes made to the FCA Handbook under FCA instruments on 24 January 2019 and 28 February 2019. The changes made to the Handbook are set out below: The Conduct of Business Sourcebook (Retirement Outcomes Review) Instrument 2019 has made changes to: Glossary; … Continue Reading

FCA Handbook No. 62

On 25 January 2019, the FCA published its latest Handbook Notice (No.62). In this Handbook Notice the FCA summarises the changes the FCA Board made to the Handbook on 13 December 2018, 2 January 2019 and 24 January 2019 in the following instruments: Personal Current Accounts and Overdrafts (Information and Tools for Customers) Instrument 2018 … Continue Reading

FCA Policy development update

On 4 January 2019, the FCA published its latest Policy development update. The update contains links to recently issued FCA publications and a table concerning forthcoming FCA publications. Among other things the FCA will publish in January a Policy Statement to Consultation Paper 18/21: General standards and communication rules for the payment services and e-money … Continue Reading

FCA Handbook instruments

On 1 January 2019, Financial Services and Markets Act 2000 (Securitisation) Regulations 2018 entered into force, implementing the EU Securitisation Regulation. The FCA has now published two instruments in light of this: Securitisation Regulation Implementation (Fees for Third Party Verifiers) Instrument 2019(FCA 2019/1). Enforcement (EU Securitisation Regulation) Instrument 2019(FCA 2019/2). Both instruments entered into force on … Continue Reading

Handbook Notice No. 61

On 13 December 2018, the FCA published Handbook Notice No. 61. The Handbook Notice describes the changes to the Handbook and other material made by the FCA board under its legislative and other statutory powers on 15 November and 13 December 2018. These changes were made in the following statutory instruments: High Cost Credit (Rent … Continue Reading

FCA consults on changes to permitted links rules to facilitate investment in patient capital

On 12 December 2018, the FCA published Consultation Paper 18/40: consultation on proposed amendment of COBS 21.3 permitted links rules  (CP18/40). The FCA’s proposals in CP18/40 will be of interest to those with an interest in unit-linked funds that may wish to hold illiquid or higher risk assets. The proposals follow recommendations by the Law … Continue Reading

FCA policy development update

On 2 November 2018, the FCA published its latest policy development update setting out links to recent FCA publications and a high level table of forthcoming FCA publications. Among other things the FCA states that in December 2018 it expects to publish a Policy Statement to Consultation Paper 18/25: approach to final regulatory technical standards … Continue Reading

PRA publishes Occasional Consultation Paper

On 22 October 2018, the PRA published Occasional Consultation Paper 24/18 (CP24/18). In CP24/18 the PRA sets out proposed miscellaneous amendments to its Rulebook, Supervisory Statements, Statements of Policy and forms. CP24/18 is divided into six chapters covering separate areas of proposals: reporting – amendment to the branch return: amending the incoming firms and third … Continue Reading

FCA policy development update: October 2018

The FCA has published its October policy development update. The update provides links to recent FCA publications and a high level list of upcoming publications which include: Policy Statement to Consultation Paper 18/25: Approach to final Regulatory Technical Standards and EBA guidelines under the PSD2 (December 2018); Policy Statement to Consultation Paper 18/21: General standards … Continue Reading

FCA Policy development update

On 7 September 2018, the FCA issued its latest Policy development update. The update provides hyperlinks to recently issued FCA publications: Global Financial Innovation Network; and Consultation Paper 18/23: Claims management companies: recovering the costs of regulation and the Financial Ombudsman Service. The update also contains a table concerning forthcoming expected FCA publications. This includes a … Continue Reading

FCA Policy development update

On 3 August 2018, the FCA issued its latest Policy development update. The update provides hyperlinks to recently issued FCA publications including: Discussion Paper 18/4: Building the UK financial sector’s operational resilience; Track changes: Payment Services and Electronic Money – Our Approach – July 2018; Policy Statement 18/17: The European Money Market Funds (MMF) Regulation; … Continue Reading

FCA consults on Handbook changes in anticipation of Securitisation Regulation and CRR Amendment Regulation

On 1 August 2018, the FCA published Consultation Paper 18/22: Handbook changes to reflect the application of the EU Securitisation Regulation and the amendment to the Capital Requirement Regulation (CP18/22). In CP18/22 the FCA consults on amendments to its Handbook which take into account the Securitisation Regulation and amendments to the Capital Requirement Regulation (CRR), … Continue Reading

FCA Handbook Notice 57

On 27 July 2018, the FCA published Handbook Notice No.57. This Handbook Notice sets out changes to the Handbook made by the FCA Board in their recent meetings. Changes have been made to the following instruments: FCA Recognised Industry Codes (DEPP and EG) Instrument 2018; Benchmarks Regulation (Amendment) (Financial Ombudsman Service) Instrument 2018; Insurance Distribution … Continue Reading

PRA occasional consultation paper on reforms to regulatory reporting

On 23 July 2018, the PRA published an occasional consultation paper on regulatory reporting (the Consultation Paper). In the Consultation Paper, the Prudential Regulation Authority (PRA) sets out reforms to the PRA reporting requirements. These reforms are: discontinuation of Prudent Valuation Return PV001; changes to PRA reporting instructions to align with updated EBA requirements (RFB001, … Continue Reading

FCA publishes terms of reference for its digital regulatory reporting pilot

On 20 July 2018, the FCA published the terms of reference for its Digital Regulatory Reporting Pilot (the Pilot). Following an FCA event which proved that machine executable regulatory reporting is technologically feasible, the Pilot aims to evaluate the potential benefits of machine readable and executable regulatory reporting via the development of a minimum viable … Continue Reading

FCA policy development update

On 6th July 2018, the FCA issued its latest Policy development update. The update provides hyperlinks to recently issued FCA publications including (among others): CP18/14: Quarterly Consultation Paper No 21 on proposed amendments to the FCA Handbook; CP18/19: Introducing the Directory. Proposals to make public information on additional individuals carrying out a range of financial … Continue Reading
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