Events listed in FCA Handbook (Glossary
List of non-legal corrections and clarifications in the FCA Handbook
ID 26583
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 ...
CP23/33: The framework for a UK consolidated tape
ID 26420
The Financial Conduct Authority (FCA) has published a combined policy statement and consultation paper in relation to the introduction of a consolidated tape (CT) in the UK. As stated in the corresponding initial consultation paper (CP15/23) (EventID 22066), the aim of the CT is to improve availability and quality of market (trading) data while enhancing transparency and reducing overall market data costs, primarily by ...
PS23/18: Smarter Regulatory Framework: The Insurance Distribution Directive
ID 26306
The Financial Conduct Authority (FCA) has issued a new policy statement (PS23/18) in connection with its proposed amendments and additions to the FCA Handbook to implement provisions for the replacement of four delegated acts under the retained Insurance Distribution Directive (UK IDD), namely – Retained Commission Delegated Regulation (EU) 2017/2359, – Retained Commission Implementing Regulation (EU) 2017/1469, – Retained Commission Delegated Regulation (EU ...
FCA 2023/45: Insurance Distribution Directive Delegated Acts: Smarter Regulatory ...
ID 26304
The Financial Conduct Authority (FCA) has published a new legal instrument (FCA 2023/45) to transpose the regulatory changes noted in the FCA’s final policy statement (PS23/18) as regards the replacement (repeal) of four delegated acts under the Retained Insurance Distribution Directive (UK IDD) (please see EventID 24505 in this context for more detailed information). Specifically, the instrument modifies the following parts of the FCA ...
FCA sets out new rules to maintain access to cash in increasingly digital world
ID 26135
In view of the government’s recent policy statement on access to cash and in view of the mandate of the Financial Markets and Services Act 2023 (FSMA 2023) to set out rules and regulations to ensure that UK consumers and small business entities (SMEs) continue to have access to cash, the Financial Conduct Authority (FCA) has now launched a new consultation (CP23/29). In it, ...
Costs to consumers and SMEs of a loss of access to in-person cash and banking ...
ID 26132
In the context of a consultation (CP23/29) on proposed new rules to ensure that UK consumers and small business entities (SMEs) continue to have access to cash (please see EventID 24271 for detailed information on the consultation), the Financial Conduct Authority (FCA) has released an accompanying research report and related technical report dealing with the assessment of the „costs“ for firms and consumers, if ...
CP26/23 – Operational resilience: Critical third parties to the UK financial ...
ID 26119
In view of the increasing use of third parties in UK financial services firms to aid in the facilitation of business services or to perform certain functions, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) have launched a joint consultation in this context. Specifically, the authorities seek to establish rules for the designation of critical third parties (CTPs) that may pose ...
CP23/28: Updating the regime for Money Market Funds
ID 26104
The Financial Conduct Authority (FCA) has launched a new consultation on proposed revisions to its Handbook to implement the firm-facing provisions of the EU Retained Money Market Funds Regulation (UK MMFR) and to enhance the resilience of money market funds operating in the UK. The consultation follows the launch of a consultation by the HM Treasury on a proposed framework regulation to set the ...
FCA 2023/40: Senior Management Arrangements, Systems and Controls Instrument 2023
ID 26076
The Financial Conduct Authority (FCA) has issued new instrument (FCA 2023/40) to implement the changes to the FCA Handbook as provided for in the joint Policy Statement (FCA PS23/17 – PRA PS16/23) (EventID 24252) of the FCA and the Prudential Regulation Authority (PRA) in relation to the remuneration (policy) requirements of dually regulated CRR firms, including investment firms, banks, and building societies. Specifically, the ...
FCA seeks views on regulatory approach for overseas funds
ID 26064
In view of the government’s intention to eliminate EU retained regulation (REUL) and replace it with meaningful, proportionate, and commensurate legislation that suits the UK financial market, the Financial Conduct Authority (FCA) has launched a consultation (CP23/26) on a new regulatory regime for overseas funds, that is investment funds issued in countries other than the UK that seek distribution in the UK. The key ...