Tag: handbook

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

FCA Consultation Paper 22/10 ‘Quarterly Consultation Paper No. 36’

On 10 June 2022, the FCA published Consultation Paper 22/10 ‘Quarterly Consultation Paper No. 36’ (CP22/10). In CP22/10 the FCA proposes the following miscellaneous amendments to the FCA Handbook: Chapter 2 – minor amendment to the Decision Procedure and Penalties manual to reflect changes to the FCA’s decision-making processes implemented on 26 November 2021. Chapter … Continue Reading

On 6 May 2022, the FCA published a Dear CEO letter to consumer credit firms (firms) reminding them that they have a responsibility to ensure that they do not exploit the cost of living crisis to promote their services. The Dear CEO letter: States that the FCA has identified a number of financial promotions whereby … Continue Reading

Handbook Notice 98

On 29 April 2022, the FCA published Handbook Notice 98. This Handbook Notice describes the changes made to the Handbook by the FCA Board on 24 March 2022, 22 April 2022 and 28 April 2022. During this period the FCA Board approved certain instruments including: Listing Rules and Disclosure Guidance and Transparency Rules (Diversity and … Continue Reading

PRA Business Plan 2022/23

On 20 April 2022, the PRA published its Business Plan for 2022/23. The PRA has replaced the previous eight strategic goals with four strategic priorities which the Business Plan is structured around. These are an evolution of, and broadly consistent with, the previous goals and explain how the PRA seeks to achieve its objectives: Retain … Continue Reading

PRA PS3/22 ‘Financial Services Compensation Scheme – Management Expenses Levy Limit 2022/23’

On 25 March 2022, the PRA published Policy Statement 3/22 ‘Financial Services Compensation Scheme – Management Expenses Levy Limit 2022/23’ (PS3/22). In PS3/22 the PRA provides feedback to the responses to Consultation Paper 1/22 ‘Financial Services Compensation Scheme – Management Expenses Levy Limit 2022/23’ (CP1/22). It also contains the final rules for the Financial Services … Continue Reading

FCA Handbook Notice 97

On 25 March 2022, the FCA published Handbook Notice 97. This Handbook Notice describes the following instruments that the FCA board approved on 24 March: Packaged Retail and Insurance-Based Investment Products (Scope Rules and Technical Standards) Instrument 2022. FEES (Miscellaneous Amendments) (No 17) Instrument 2022. Financial Services Compensation Scheme (Management Expenses Levy Limit 2022/2023) Instrument … Continue Reading

FCA Handbook Notice No. 91

On 1 October 2021, the FCA published Handbook Notice No.91 which describes the changes that the FCA Board made to the FCA Handbook on 30 September 2021. On this date the FCA Board approved the following instruments: Consumer Credit (Fixed Instalment Plan Repayment Allocation) (Amendment) Instrument 2021. In summary, this instrument makes changes to the … Continue Reading

FCA Handbook directions, notifications and forms

On 22 December 2020, the following FCA Handbook directions were published: Direction given by the FCA under regulation 68(2) of the Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019 (Regulations). The FCA directs that the operator of a stand-alone scheme that is a recognised scheme by virtue of regulation 62 of the Regulations, the … Continue Reading
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