On 1 November 2024, the Financial Conduct Authority (FCA) issued Handbook Notice 123.
This Handbook Notice sets out the instruments that the FCA Board approved on 29 and 31 October 2024.
The instruments that were approved are:
- Technical Standards (Bilateral Margining) (Amendment) Instrument 2024. In summary, this instrument makes consequential amendments to Binding Technical Standards (BTS) 2016/2251 to reflect the expected changes to Article 4 and 11 of UK EMIR made in the Securitisation (Amendment) Regulations 2024.
- Technical Standards (Credit Rating Agencies Regulation) (Amendment) Instrument 2024. In summary, this instrument makes a consequential amendment to the UK on-shored version of BTS 2015/2, the regulatory technical standards for the presentation of the information that credit rating agencies make available to the FCA.
- Handbook Administration (No 71) Instrument 2024. In summary, the amendments correct an error in SUP 16 Annex 48AR and DISP App 4.4.2R to provide clarity.