On 29 January 2021, the FCA published Handbook Notice No. 84.
This Handbook Notice summarises the changes the FCA Board has recently made to the Handbook using the following:
- Financial Conduct Authority Technical Standards (Capital Requirements Directive and Regulation) (EU Exit) (No 2) Instrument 2020. This instrument contained a series of amendments to the FCA versions of certain onshored binding technical standards (BTS) under the Capital Requirements Regulation (CRR) and Capital Requirements Directive IV (CRD IV). These amendments were additional to the amendments to CRR and CRD BTSs contained in the FCA Technical Standards (Capital Requirements Directive and Regulation) (EU Exit) Instrument 2019.
- Technical Standards (Miscellaneous Amendments) (No 2) (EU Exit) Instrument 2020. The instrument corrects some typographical errors in the EU Exit (“IP Completion Day” and Time-Related Amendments) Instrument 2020 (FCA 2020/60) and the Technical Standards (Packaged Retail and Insurance Based Investment Products Regulation) (EU Exit) Instrument 2019. Further to FCA 2020/60, it also amends references to “exit day” and related time periods in the Technical Standards (European Market Infrastructure) (EU Exit) (No 2) Instrument 2019 and the Technical Standards (European Market Infrastructure) (EU Exit) (No 4) Instrument 2019.
- Fees (Trade Repositories and Securitisation Repositories) Instrument 2021. This instrument makes changes to the Handbook to enable any future applications to become trade repositories, or securitisation repositories to be charged and the rules to which the Glossary definitions refer to operate effectively.
- Markets in Financial Instruments (Tick Sizes) Instrument 2021. In summary, this instrument makes changes to the Handbook to implement the EU Investment Firms Directive, and its amendment to the revised Markets in Financial Instruments Directive tick size regime. The FCA has amended its rules to set out that the tick size regime shall not prevent trading venues from matching large-in-scale orders at mid-point, within current bid and offer prices.
- Listing Rules (Open-ended Investment Companies) Instrument 2021. In summary, this instrument makes certain changes to the Handbook to create a more proportionate listing regime for open-ended investment companies in standard listing by dis-applying or amending certain existing requirements.