On 27 March 2020, the FCA published Handbook Notice 75. In this Handbook Notice the FCA summarises the changes it made in the FCA Handbook on 26 March 2020 using the following instruments: Handbook Administration (No 52) Instrument 2020; Financial Services Compensation Scheme (Management Expenses Levy Limit 2020/2021) Instrument 2020; Listing Rules (Contents of Circulars) … Continue Reading
On 26 March 2020, the PRA published Consultation Paper 3/20: Occasional Consultation Paper – March 2020 (CP3/20). In CP3/20 the PRA sets out its proposals to make minor amendments to PRA rules, supervisory statements (SS), national specific templates (NSTs) and associated LOG files, and the market risk sensitivities data item and associated instructions. Specifically CP3/20 … Continue Reading
On 27 February 2020, the FCA published Handbook Notice No 74. In Handbook Notice No 74 the FCA provides a brief summary of: Consultation Paper 19/10: Pension Schemes (Disclosure of Transaction Costs and Administration Charges) (Amendment) Instrument 2020; Consultation Paper 19/23: Insurance; Conduct of Business Sourcebook (Access to Travel Insurance) Instrument 2020; and Fees (Miscellaneous … Continue Reading
On 7 February 2020, the FCA updated its Policy development update webpage providing information on recent and upcoming FCA publications. In terms of upcoming publications, the FCA states that in March it will publish a consultation paper on exit fees in investment platforms and comparable firms.… Continue Reading
On 10 January 2020, the FCA published its latest Policy development update which provides information about recent and upcoming publications by the regulator. In terms of forthcoming publications the Policy development mentions that the FCA will publish: consultation paper on exit fees in investment platforms and comparable firms (March 2020); consultation paper on open-ended investment … Continue Reading
On 13 December 2019, the FCA published Handbook Notice No 72. The Handbook Notice summarises the changes the FCA Board made to the Handbook on 21 November and 12 December 2019. On 21 November 2019, the FCA Board made changes to the Handbook through the Conduct of Business (Speculative Illiquid Securities) Instrument 2019. On 12 … Continue Reading
On 6 December 2019, the FCA published Consultation Paper 19/33: Quarterly Consultation No. 26 (CP19/33) In CP19/33 the FCA seeks views from interested stakeholders on proposed miscellaneous changes to the following parts of the FCA Handbook: clarification of the rules relating to Financial Services Compensation Scheme claims against appointed representatives and principals (chapter 2); changes … Continue Reading
On 6 December 2019, the FCA published its latest policy development update setting out information on recent and forthcoming FCA publications. Forthcoming FCA publications include: consultation and discussion on Investment Market Study remedies (to be published alongside the Market Study Final Report) – expected March 2019; consultation on price discrimination in the cash savings market … Continue Reading
On 22 November 2019, the FCA published Handbook Notice No. 71. In this Handbook Notice the FCA describes the changes to the Handbook and other material made by the FCA Board under its legislative and other statutory powers on 24 October 2019 and 21 November 2019. On 21 and 24 November 2019, the FCA Board … Continue Reading
On 13 November 2019, the FCA published Consultation Paper 19/30: FCA regulated fees and levies: rates proposals 2020/21 (CP19/30). In CP19/30 the FCA consults on its periodic fees for the next financial year (1 April 2020 to 31 March 2021) and any proposed changes to application fees and other fees. The FCA also consults on the Financial … Continue Reading
On 1 November 2019, the FCA published its latest policy development update setting out information on recent and forthcoming FCA publications.… Continue Reading
On 7 October 2019, the PRA published Occasional Consultation Paper 25/19: Occasional Consultation Paper (CP25/19). In CP25/19 the PRA proposes minor amendments to PRA Rulebook Parts, Supervisory Statements (SS), Statements of Policy (SoP) and relevant templates. In chapter 2, the PRA sets out proposals to update SS20/15: Supervising building societies’ treasury and lending activities and … Continue Reading
On 4 October 2019, the FCA published its latest policy development update setting out information on recent and forthcoming FCA publications.… Continue Reading
On 6 September 2019, the FCA published its latest Policy development update. The update provides hyperlinks to recently published FCA publications. It also sets out a table concerning forthcoming FCA publications although this table is not comprehensive… Continue Reading
On 5 August 2019, the FCA published its latest Policy development update. The update provides hyperlinks to recently published FCA publications. It also sets out a table concerning forthcoming FCA publications although this table is not comprehensive.… Continue Reading
On 1 July 2019, the FCA published its latest Policy development update. The update provides hyperlinks to recently published FCA publications. It also sets out a table concerning forthcoming FCA publications although this table is not comprehensive.… Continue Reading
On 28 June 2019, the FCA published Handbook Notice 67. This Handbook Notice provides a summary of the changes the FCA board made to the Handbook on 30 May 2019 and 27 June 2019. The relevant instruments are: Mortgages and Home Finance (Peer to Peer) Instrument 2019; Operating an Electronic System in Relation to Lending … Continue Reading
On 7 June 2019, the FCA updated its ‘policy development update’ webpage, detailing recent and upcoming FCA publications. Amongst other things, the updated webpage notes the following publications are expected to be published shortly: policy statement on the high-cost credit review: buy now pay later – due June 2019; price discrimination in the cash savings … Continue Reading
On 26 April 2019, the FCA published Handbook Notice 65. In Handbook Notice 65 the FCA briefly discusses: the changes its board made to the Handbook on 28 March 2019 through the Conduct of Business (Binary Options) Instrument 2019. The changes became effective on 2 April 2019 and create rules prohibiting the sale, marketing and … Continue Reading
On 25 April 2019, the FCA published the Supervision Manual (Supervisory Principles Amendment) Instrument 2019. The Instrument amends the FCA’s Supervision Manual (SUP) by inserting at part 1A.3.2A G the FCA’s supervisory principles: as set out in their Approach to Supervision document (see our blog here). Also amended by the Instrument is parts 1A.3.3 G, … Continue Reading
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
On 17 April 2019, the FCA published Consultation Paper 19/16: FCA regulated fees and levies: rates proposals 2019/20 (CP19/16). In CP19/16 the FCA consults on its periodic fees for the next financial year (1 April 2019 to 31 March 2020) and any proposed changes to application fees and other fees. The FCA also consults on … Continue Reading
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
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
