On December 15, 2023, the Financial Conduct Authority (FCA) has published a new FCA instrument, namely the Handbook Administration Instrument (No 68) 2023 (FCA 2023/47), to make minor, non-material changes to the FCA Handbook. Specifically, the instrument modifies the following manual and sourcebooks:
– Conduct of Business sourcebook (COBS)
– Insurance: Conduct of Business sourcebook (ICOBS)
– Mortgages and Home Finance: Conduct of Business sourcebook (MCOB)
– Banking: Conduct of Business sourcebook (BCOBS)
– Claims Management: Conduct of Business sourcebook (CMCOB)
– Funeral Plan: Conduct of Business sourcebook (FPCOB)
– Supervision manual (SUP)
– Consumer Credit sourcebook (CONC)
These amendments relate to, among others,
– the new financial promotion regime and the requirements thereunder;
– the notification requirements on code of conduct breaches to reference the new consumer duty;
– the notification requirements of the cessation of senior management functions also to reference the new consumer duty; and
– the reporting form to continuously report on appointed representatives to adjust the FCA’s email address.
Please note that these changes are considered „administrational“ in nature and thus did NOT involve a consultation with the public.
FCA 2023/47: Handbook Administration (No 68) Instrument 2023
ID
26320
Other Features
banks
code of conduct
credit
disclosure
human resource management
insurance
notifications
reporting
wind-down
Date Published: 2023-12-15
Date Taking Effect: 2023-12-15
Regulatory Framework: FCA Handbook (COBS, ICOBS, BCOBS, FPCOBS, CMCOB, CONC, SUP)
Regulatory Type: regulation
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