Tag: handbook

BoE consults on proposals to move Senior Managers Regime forms from the PRA Rulebook

On 31 January 2023, the Bank of England (BoE) published Consultation Paper CP2/23 – Moving Senior Managers Regime forms from the Prudential Regulation Authority (PRA) Rulebook. CP2/23 sets out the PRA’s proposals to remove certain Senior Managers and Certification Regime (SM&CR) forms from the PRA Rulebook and to extend the length of employment history required … Continue Reading

Handbook Notice 106

On 27 January 2023, the FCA published Handbook Notice 106. This Handbook Notice discusses the following instruments that the FCA board approved on 26 January 2023: In relation to the latter instrument it makes changes to the Handbook so that only firms that would have been both significant IFPR firms and IFPRU investment firms under … Continue Reading

FCA Handbook Notice 105

On 16 December 2022, the FCA published Handbook Notice 105. This Handbook Notice describes the changes to the FCA Handbook and other material made by the FCA Board under its legislative and other statutory powers on 24 November 2022, 9 December 2022 and 15 December 2022. During this time the FCA Board approved various instruments … Continue Reading

FCA publishes firm wide review on understanding approaches to D&I in financial services

On 12 December 2022, the FCA published a firm wide review on understanding approaches to D&I in financial services. In July 2021, the FCA published a joint Discussion Paper with the PRA and the Bank of England. The Discussion Paper discussed the current state of diversity and inclusion in the financial services industry, setting out … Continue Reading

FCA Consultation Paper 22/26: Quarterly Consultation No 38

On 2 December 2022, the FCA published Consultation Paper 22/26: Quarterly Consultation No 38 (CP22/26). In CP22/26 the FCA consults on various miscellaneous amendments to the FCA Handbook which would: Make changes to the Training and Competence sourcebook. Make changes to remove all derivative products referencing USD LIBOR from the derivatives trading obligation. Move the … Continue Reading

FCA consults on regulatory fees and levies for 2023/24

On 29 November 2022, the FCA published Consultation Paper 22/23 ‘Regulatory fees and levies: policy proposals for 2023/24’ (CP22/23). In CP22/23 the FCA sets out its proposed policy changes to the way in which it will raise FCA fees from 2023/24. Each chapter of CP22/23 covers a self-contained area of policy: Chapter 2 sets out … Continue Reading

FCA Handbook Notice No. 103

On 31 October 2022, the FCA published Handbook Notice No 103. The Handbook Notice describes the changes to the FCA Handbook and other material made by the FCA Board under its legislative and other statutory powers on 28 October 2022. Where relevant, it also refers to the development stages of that material, enabling readers to … Continue Reading

FCA CP22/17: Quarterly Consultation Paper No. 37

On 2 September 2022, the FCA published Consultation Paper 22/17 ‘Quarterly Consultation Paper No. 37’ (CP22/17). In CP22/17 the FCA is proposing: Chapter 2 – Changes to the individually recognised overseas schemes regime and other amendments to the Collective Investment Schemes sourcebook (COLL). The FCA is proposing a new rule in COLL 9.3 to specify … Continue Reading

FCA updates webpage on CP22/5 ‘Proposed changes to allow companies to use a more up to date electronic format for their annual financial reports’

On 18 August 2022, the Financial Conduct Authority (FCA) updated their webpage on Consultation Paper 22/5 ‘Proposed changes to allow companies to use a more up to date electronic format for their annual financial reports’. The webpage has added new text under the section ‘Respond to this consultation’ stating that, the consultation has now closed … Continue Reading

BoE releases Policy Statement on responses to CP3/22 ‘Occasional Consultation Paper’

On 8 August 2022, the Prudential Regulation Authority (PRA) published Policy Statement 7/22 ‘Responses to CP3/22 Occasional Consultation Paper’ (PS7/22). In PS7/22 the PRA sets out its final policy and rules following Consultation Paper 3/22 ‘Occasional Consultation Paper’ (CP3/22).  Earlier consultation In CP3/22, the PRA proposed various miscellaneous amendments to the PRA Rulebook including: An … Continue Reading

FCA updated webpage: Transforming data collection

On 22 July 2022, the FCA updated their website on transforming data collection. The Webpage now contains two further sections as follows: Phase one: The new section outlines the first phase of the programme, which ran from July 2021 until May 2022. The discovery and design stage looked at the Financial resilience survey, a post-pandemic … Continue Reading

FCA: Policy Statement on regulated fees and levies 2022/23

On 28 June 2022, the FCA published Policy Statement 22/7 ‘FCA regulated fees and levies 2022/23: with feedback on CP22/07 and made rules’ (PS22/7). In PS22/7 the FCA sets out the 2022/23 periodic regulatory fees and levies for itself and the Financial Ombudsman Service, the Money and Pensions Service, devolved authorities and HM Treasury’s expenses … Continue Reading
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