The Financial Conduct Authority (FCA) has published another document on changes it has recently made to its Handbook which were NOT outlined in any corresponding instrument. The modifications are technical in nature, including corrections and adjustments primarily for clarification, correction, and regulatory alignment purposes. They do NOT alter current regulations and policies contentwise.
In this particular case, the following FCA Sourcebooks are concerned and were modified:
(1) CONRED Consumer Redress Schemes, specifically CONRED 4 Annex 18 and CONRED 3.2.5;
(2) COBS Conduct of Business Sourcebook, specifically COBS 4 Annex 3; and
(3) SYSC Senior Management Arrangements, Systems and Controls, specifically SYSC 19G.6.4(2)(b).
——————-
The FCA emphasizes that none of the changes are regarded as having „a legal effect“ or as „policy changes“ to the Handbook.