Handbook Notice 107 [pdf]

The Financial Conduct Authority (FCA) has published Handbook Notice 107 to summarize the latest amendments to its Handbook in accordance with the following Consultations and FCA Instruments:
Figure 1 – Oversight Table

##### FCA 2023/3, CP21/31, PS23/2, EventID #19865
This Instrument was issued as part of Policy Statement 2023/2 by the FCA on February 24, 2023 to be effective on September 30, 2024. It implements the new „EMIRR Sourcebook“ and makes changes to the „General Provisions sourcebook (GEN)“ to impose new requirements upon trade repositories as regards
(1) procedures for the effective reconciliation of data between trade repositories;
(2) procedures to verify compliance by counterparties and CCPs with the reporting obligation under Article 9 of Regulation (EU) No 648/2012; and
(3) procedures to verify the completeness and correctness of the data reported.
##### FCA 2023/4, CP21/31, PS23/2, EventID #19865
This Instrument was issued as part of Policy Statement 2023/2 by the FCA on February 24, 2023 to be effective on September 30, 2024. It revises several delegated regulations under UK EMIR to update the data fields to be reported by counterparties to derivative transactions.
##### FCA 2023/5, CP21/31, PS23/2, EventID #19865
This Instrument was issued as part of Policy Statement 2023/2 by the FCA on February 24, 2023 to be effective on September 30, 2024. It revises several UK retained delegated and implementing regulations under UK EMIR to revise the registration process of trade repositories already registered under the UK „Securities Financing Transactions Regulation“ and to make other miscellaneous amendments, some of which come into force on same day of issuance (February 24, 2023).
##### FCA 2023/6, CP22/26, No PS, EventID #18578
This Instrument was not recorded by us due to a lack of relevance for our clients. However, it was issued subsequent to a quarterly consultation (CP22/26) which proposed various miscellaneous amendments to its Handbook and some rules and regulations which primarily consist of technical corrections, the removal of obsolete provisions (e.g. the removal of derivative trading obligations for contracts involving discontinued LIBOR tenors), or the clarification of rules to facilitate compliance among market participants.
##### FCA 2023/7, CP22/26, No PS, EventID #18578
This Instrument was issued on February 24, 2023 to be effective same day subsequent to same quarterly consultation (CP22/26). It makes minor amendments to the Enforcement Guide (EG) in the guides section of the Handbook „to reflect the Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations 2022 (Regulations). These Regulations amend The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs)“.
##### FCA 2023/8, CP22/26, No PS, EventID #18578
This Instrument was issued on February 24, 2023 to be effective April 1, 2023 subsequent to same quarterly consultation (CP22/26). It makes minor amendments to the Training and Competence (TC) High Level Standards in the FCA Handbook to stipulate that the London Institute of Banking and Finance (LIBF) is no longer an accredited institute for the provision and accreditation of relevant training and to now include the London Institute of Banking and Finance Limited (LIBF Limited) for such purposes. Also, the instrument makes technical corrections (omission of references) in this context.
##### FCA 2023/9, No CP, No PS, No Event
This Instrument was issued on February 24, 2023 to be effective on same day. It was not consulted on by the FCA and only makes a minor correction to the Consumer Redress Scheme Sourcebook, specifically to CONRED 3.1, to state that the new redress scheme concerning the British Steel Pension Scheme does not apply to financial advisers that have provided advise to fewer than three clients.