The Financial Conduct Authority (FCA) has published an updated version of its List of non-legal corrections and clarifications in the FCA Handbook which contains changes the regulator 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 Handbook section is concerned and was modified:
(1) Glossary, specifically Glossary Terms – to revise the legal reference which sets out the definition of own funds to read UK CRR (retained Capital Requirements Regulation or retained Regulation (EU) No 575/2013). Before, reference was made to the EU version of the CRR.
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The FCA emphasizes that the change is not regarded as having „a legal effect“ or as a „policy change“ to the Handbook.
List of non-legal corrections and clarifications in the FCA Handbook
ID
26583
Other Features
own funds
Date Published: 2023-12-28
Date Taking Effect: 2023-12-15
Regulatory Framework: FCA Handbook (Glossary)
Regulatory Type: regulation
ID 26578
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