This Consultation Paper (CP) sets out our proposed changes to the FCA Handbook as a result of the transposition of CRD IV in relation to reporting, remuneration policies and the interaction between CRD IV and AIFMD/UCITS.
We are the competent authority under the Financial Services and Markets Act for the prudential regulation of a large number of investment firms subject to the Capital Requirements Directive (CRD). CRD IV is the EU implementation of Basel III for banks, which also applies to investment firms. The CP covers material we are required to transpose from CRD IV.
The proposals in this paper apply principally to the following FCA-authorised firms:
The proposals in this paper do not apply to credit institutions (banks and building societies) or investment firms supervised by the PRA.
Please send us your comments and/or responses to the questions on our proposals by 10 November 2013 using the online feedback form. We will consider your feedback and publish a policy statement later in 2013 so firms have the final rules available before 1 January 2014.
For more information:
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