On 22 October 2021, the Financial Conduct Authority (FCA) published Handbook Notice 92. The Handbook Notice lists the changes made to the FCA Handbook and other material by the FCA Board under its legislative and statutory powers on 30 September and 21 October 2021.
The FCA made changes to the Handbook using the following instruments:
- Conduct of Business Sourcebook (Assessing Value for Money in Workplace Pension Schemes and Investment Pathways: Requirements for IGCA and GAAS) Instrument 2021: changes will better equip Independent Governance Committees in providing informed challenges to providers to they can address poor value for money.
- Technical Standards (Markets in Financial Instruments Regulation) (Derivatives Trading Obligation) Instrument 2021: changes will ensure the derivatives trading obligation remains appropriately calibrated. It also supports the transition from LIBOR to relevant risk-free rates.
- Investment Firms Prudential Regime Instrument 2021 and Investment Firms Prudential Regime (Consequential Amendments to Other Prudential Sourcebooks) Instrument 2021: changes streamline and simplify the prudential requirements for Markets in Financial Instruments Directive investment firms that are prudentially regulated by the FCA in the UK.
- Supervision Manual (Reporting No 16) Instrument 2021: changes update references to the London Inter-Bank Offered Rate within the FCA reporting rules.
