Tag: handbook

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

Latest FCA Policy Development update

On 6 November 2020, the FCA published its latest Policy Development update. In the Policy Development update the FCA provides hyperlinks to recent publications. It also sets out a table comprising forthcoming publications which includes: Q4 2020 – Consultation Paper on amendments to accommodate Breathing Space Regulations. Q4 2020 – Policy Statement on Consultation Paper … Continue Reading

FSCS announces its levy for 2020/21 at £649m

On 21 May 2020, the Financial Services Compensation Scheme (FSCS) confirmed its levy for 2020/21. The levy is £649m this year, £14m more than was forecast in its Plan and Budget 2020/21 that was published in mid-January. This includes an amount of £74.7m for management expenses which are the costs of running the FSCS. The … Continue Reading