On 8 July 2024, the Financial Conduct Authority (FCA) published Quarterly Consultation Paper No. 44 (CP24/11), on proposed miscellaneous amendments to the Handbook.

Topics being consulted on this quarter include:

  • The introduction of criminal background checks on owners and controllers at the Authorisations gateway. 
  • Changes to SUP 11.3.1BG and the deletion of SUP Annex 6G, following the FCA’s recent consultation on proposed non-Handbook guidance for the prudential assessment of acquisitions and increases in control.
  • Changes reflecting amendments made by HM Treasury to the UK MiFID delegated regulation in the Handbook.
  • Deleting COLL 5.2.30R(1)(c) so that the provisions in COLL 5.2.29R apply at the sub-fund level of an umbrella collective investment scheme (CIS) investing in units of other CIS.
  • Clarification that the 25% limit set out in COLL 5.2.29R(3) must be applied at the level of the individual sub-funds of an umbrella CIS when its units are held by another CIS.
  • Removal from the Handbook of certain EU withdrawal related provisions which have now expired and to rename certain terms.
  • A consequential amendment to the UK version of Commission Delegated Regulation (EU) 2015/2 of 30 September 2014, the regulatory technical standards for the presentation of the information that credit rating agencies make available to the FCA.
  • Removing references to long-term investment funds (LTIFs), the LTIF Regulation and EEA LTIFs from the Handbook following the Government’s repeal of the LTIF Regulation on 1 January 2024. 
  • Modifications to the MiFIR technical standards.

The consultation is open until 12 August 2024.