Events listed in FCA Handbook
Financial watchdog sets out credit information market improvements
ID 26091
The Financial Conduct Authority, FCA, has published a final report as regards its market study on the credit information market. This report builds upon the interim report and discussion paper published in November 2022 (EventID 18382) and presents a comprehensive overview of the findings and feedback received on various aspects of the credit information market. The final report thereby addresses issues such as governance, ...
CP23/25: Quarterly Consultation Paper No. 42
ID 26039
The FCA has posted miscellaneous improvement proposals to the FCA Handbook. Chapter 2: Training and Competence (TC) qualifications table Financial services qualifications table has been updated to recognise International Capital Market Association (ICMA) a sole qualifications provider, update to Operations Certificate Programme (OCP) and Chartered Institute for Securities and Investment (CISI) availability programmes. **Chapter 3: minor consequential amendments to CREDS as a ...
Statement on communications in relation to PRIIPs and UCITS
ID 26017
In view of concerns how costs of closed-ended funds, also often referred to as investment trusts, should be illustrated in the PRIIPs Key Information Document (KID) or be treated in the UCITS Key Investor Information Document (KIID) of investing UCITS and in disclosure material of investment advisors recommending closed-end funds to their clients, the Financial Conduct Authority has issued a statement. Specifically, as closed-ended ...
GC23/3: Guidance on the anti-greenwashing rule
ID 25969
As announced in the final policy statement on the disclosure requirements and labeling of sustainability-related investment products, including investment fund shares (please see EventID 24131 in this context for a detailed description), the Financial Conduct Authority (FCA) has launched a new consultation (GC23/3) on proposed new guidance as regards compliance with the anti-greenwashing rule. To recall, the anti-greenwashing rule is simple in terms and ...
FCA publishes final report on IFPR implementation observations
ID 25945
Following the publication of initial findings earlier this year (please see EventID 19892), the Financial Conduct Authority (FCA) has recently released a final report regarding the implementation of the internal capital adequacy and risk assessment (ICARA) process and reporting requirements under the Investment Firms Prudential Regime (IFPR). To recall, the IFPR has been in place since January 1, 2022 and requires MiFID investment firms, ...
Pensions value for money
ID 25898
The Financial Conduct Authority (FCA) has published a statement to provide an update to pension fund trustees, managers, and scheme members on the government’s efforts to increase value for money for pension savers. In this context, the FCA notes the following: The FCA, in collaboration with the Department for Work and Pensions (DWP) and The Pensions Regulator (TPR), is creating a new Value for ...
CP23/22: Regulatory fees and levies: policy proposals for 2024/25
ID 25881
The Financial Conduct Authority, FCA, has launched its annual (autumn) consultation (CP23/22) on proposed revisions to its policy to determine fees and their application to market participants registering with the Authority during the upcoming business year 2024/2025. As emphasized in the consultation, this consultation is high level in nature in that it only proposes structural changes to the fees manual. Actual fees to be ...
Annual Public Meeting 2023: Responses to unanswered questions [pdf]
ID 25857
Following the annual public meeting of the Financial Conduct Authority (FCA) on October 4, 2023, the regulator has published a statement addressing those questions that weren’t answered by the FCA during the meeting. These questions address, among others, the new Consumer Duty, the use of AI by supervised firms, the FCA’s enforcement policies, investor protection, whistleblowing, and many others. As the list of questions ...
FCA finds further work required to fully embed ‘Guiding Principles’ for ESG and ...
ID 25836
The Financial Conduct Authority, FCA, has published a press release to inform that it has concluded its review of the application of the FCA’s so-called guiding principles which were issued in July 2021 and which are expected to assist authorized fund managers (AFMs) in the design, delivery, disclosures, and governance of investment funds with an ESG (sustainability) focus (please see EventID 11795 for more ...
FCA Authorisations operating service metrics 2023/24 Q2
ID 25817
The Financial Conduct Authority (FCA) has published a press statement to inform of the availability of an updated Authorisations Operating Service Metrics, which is expected to provide more transparency over the FCA’s supervisory activities and keeps firms up-to-date on expected processing times of regulatory filings. Specifically, the matrix sets out the intended and actual processing times for notification and applications of firms during 2022 ...