We are doing two things in this document.
Firstly, we give our feedback on responses to some recent consultations:
Secondly, and arising from feedback regarding the definition of a Regulatory Information Service (RIS) contained in Appendix 3 of CP 12/37, we are consulting further on that issue.
We have published a range of proposals on PIPs in several consultation papers. The key driver for these proposals was the Financial Services Act 2012 which moved the pre-existing informal framework for Regulatory Information Services onto a formal, statutory footing. Under the new statutory regime, we will approve and supervise PIPs, and the requirements (similar to those in the RIS Criteria) will be enforceable. We have listened to the market and respond to the feedback to several consultations in one document. Our response includes consulting further on one issue arising from the definition of a RIS.
This paper will interest:
We want to know what you think of our proposals. Please send us your comments by 27 October 2013 using the online response form or email: email@example.com.
Depending on responses, we intend to make the rules so they come into effect in early 2014.
For more information:
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