- a Policy Statement regarding a change to its Code of Conduct (COCON); and
- a Consultation on additional guidance in the COCON and the Fit and
New FCA Conduct Rule and Consultation on Non-Financial Misconduct Guidance
FCA consults on proposals to simplify its insurance rules
On 14 May 2025, the Financial Conduct Authority (FCA) published a new consultation paper (CP25/12) setting out its proposals to simplify the sections of the FCA’s Handbook which apply to insurance firms.
The consultation paper comments on the feedback it received in relation to its previous discussion paper on the Regulation of Commercial
FCA CP25/4: Quarterly Consultation Paper No. 47
- Chapter 2 – Annual consultation for TC Appendix 4 and the Glossary to amend the
FCA Handbook Notice 125
On 20 December 2024, the Financial Conduct Authority (FCA) published Handbook Notice 125.
This Handbook Notice describes the changes to the FCA Handbook and other material made by the FCA Board and the Executive Regulation and Policy Committee of the FCA under their legislative and other statutory powers on 9 December 2024
FCA portfolio letters
On 13 December 2024, the Financial Conduct Authority published the following portfolio letters:
FCA publishes Handbook Notice 124
On 29 November 2024, the Financial Conduct Authority (FCA) published Handbook Notice 124, which describes the changes to the FCA Handbook and other material made by the FCA Board under its legislative and other statutory powers on 31 October 2024 and 28 November 2024.
These include changes made by the following instruments:
CP24/18: Quarterly Consultation Paper No. 45
- Change the definition of ‘firm’ to clarify that designated coordination bodies fall within the remit of the Enforcement Guide and Decision Procedure and Penalties Manual.
- Allow a non-Undertakings for
FCA updates webpage on the OFR
On 22 August 2024, the Financial Conduct Authority (FCA) updated its webpage on the Overseas Funds Regime (OFR).
The updated webpage confirms that the OFR gateway will be opened to new schemes (not currently in the Temporary Marketing Permissions Regime (TMPR)) on 30 September 2024, while landing slots for
PS24/10: Expansion of the Dormant Assets Scheme – second phase
On 2 August 2024, the FCA published Policy Statement 24/10 ‘Expansion of the Dormant Assets Scheme: second phase’ (PS24/10).
Introduction
The Dormant Assets Scheme (DAS) was initially set up to allow banks and building societies to pay dormant monies to an authorised reclaim fund, which would then put this money towards
Solvency UK: Reform of the matching adjustment
Background
The Prudential Regulation Authority’s (PRA) published its Policy Statement “Review of Solvency II: Reform of the Matching Adjustment” (PS10/24) and the associated finalised rules and guidance[1] on 6 June 2024. This followed the publication of the PRA’s consultation paper in September 2023 and the enactment of The Insurance and