Policy development update

The policy development update provides some information on our recent and upcoming publications but should not be regarded as comprehensive. We usually update this page on the first Friday of each month – this version is current as of 2 August 2017.

Publications issued

The following publications were issued recently:

Upcoming publications

The list below is arranged under the blocks of our Handbook where the policy is likely to be given effect. For an explanation of the blocks see our Handbook Reader's Guide. While we aim to ensure it is accurate, the entries are not comprehensive and dates do not represent firm commitments by us. 

Some items in quarterly consultation papers may have a shorter or longer consultation period than the consultation period stated in this update.

High level standards

Future publications

Intended audience

Module

Expected date

Consultation period

Expected feedback date

Market Infrastructure Providers - proposed 2017/18 fee rates
  • recognised investment exchanges (RIEs), benchmark administrators (BAs), and data reporting services providers (DRSPs)
FEES August 2017 2 months November 2017
FCA Regulated fees and levies: Insurers’ tariff data for 2018/19
  • Insurers that pay FCA fees and Financial Ombudsman Service levies (under compulsory jurisdiction and voluntary jurisdiction)
GLOSS, FEES September 2017 2 months January 2018
Financial Advice Market Review implementation part 1 – Finalised Guidance
  • firms involved in the retail investment market
  • consumers and consumer groups
  • employers and trustees of workplace pension schemes
N/A September 2017 N/A (Finalised Guidance being published) N/A
Money Advice Service, formalising the debt advice concession for smaller Credit Unions – PS to chapter 9 in PS17/15
  • Credit Unions and other firms in the A.1 deposit acceptors fee-block
FEES October 2017 N/A N/A
Regulatory fees and levies: policy proposals for 2018/19
  • various FEES clarifications and definitional adjustments
GLOSS, FEES October 2017 2 months February 2018
Reviewing the funding of the Financial Services Compensation Scheme (FSCS) – PS to CP16/42 and further consultation
  • all firms
COMP, FEES 6 Q4 2017 3 months June 2018
Financial Advice Market Review implementation part 2 – PS to CP17/28
  • advice firms and product providers
  • trade associations
  • consumers and consumer groups
COBS, COLL, COMP, DISP, GLOSS, ICOBS, PERG, RPPD, SUP, TC December 2017 2 months N/A

Business standards

Future publications

Intended audience

Module

Expected date

Consultation period

Expected feedback date

Insurance Distribution Directive Implementation – PS to CP17/7
  • firms involved in insurance distribution
  • consumers and consumer groups
SYSC, TC, MIPRU, IPRU(INV), ICOBS, DISP September 2017 N/A N/A
Insurance Distribution Directive Implementation – third CP
  • firms involved in insurance distribution
  • consumers and consumer groups
COBS, ICOBS, PROD, SUP, SYSC September 2017 TBC TBC
Insurance Distribution Directive Implementation – PS to CP17/23
  • firms involved in insurance distribution
  • consumers and consumer groups
COBS, ICOBS, PROD, SUP, SYSC December 2017 N/A N/A
Insurance Distribution Directive Implementation – PS to third CP
  • firms involved in insurance distribution
  • consumers and consumer groups
COBS, ICOBS, PROD, SUP, SYSC January 2018 N/A N/A
Proposed Handbook changes to reflect the new regulatory framework for Insurance Linked Securities - PS to CP17/3
  • insurance special purpose vehicles, their professional advisers and outsource partners
  • insurers
PRIN, SYSC, FEES, COBS, SUP, DEPP, DISP Q4 2017 N/A N/A
Implementation of the Benchmarks Regulation – CP
  • benchmark administrators
  • benchmark contributors
  • banks
  • firms
MAR, TBC TBC 3 months TBC
Consultation on new rules for firms running crowdfunding platforms
  • firms operating loan-based and investment-based crowdfunding platforms
COBS TBC 3 months TBC

Specialist sourcebooks

Future publications

Intended audience

Module

Expected date

Consultation period

Expected feedback date

Credit card market study: consultation on persistent debt and earlier remedies – PS to CP 17/10

  • firms offering credit cards
  • firms providing debt advice
  • consumer organisations 
  • trade bodies

CONC

TBC

N/A

N/A

Other

Publication

Chapter

Modules

Expected date of feedback

CP17/14 Quarterly Consultation No. 17 (June 2017) 2: Changes to the Training and Competence sourcebook (TC) list of appropriate qualifications TC TBC
CP17/14 Quarterly Consultation No. 17 (June 2017) 4: Changes to regulatory reporting requirements SUP TBC
CP17/6 Quarterly Consultation No. 16 (March 2017) 7: Smarter Consumer Communications: changes to COBS and MCOB COBS, MCOB TBC

CP16/21 Quarterly Consultation No. 14 (September 2016)

4: Consequential amendments to Short Form A

SUP

TBC

CP16/21 Quarterly Consultation No. 14 (September 2016)

6: Mutuals' deferred shares

GLOSS, COBS

TBC

CP16/17 Quarterly Consultation No. 13 (July 2016)

8: A new 'pooled investment vehicle' definition for the marketing restriction rules on NMPIs

GLOSS

TBC

CP16/8 Quarterly Consultation No. 12 (March 2016)

3: Changes to requirements in the Listing Rules, Disclosure Rules and Transparency Rules, and Prospectus Rules, and Glossary

GLOSS, LR, PR, DTR

TBC

* Feedback to QCP consultations will publish in the Handbook Notice.

Other publications

Major policy initiatives may have their own dedicated sections on our website and their progress will not be recorded here. Check under the firms and markets sections of this site.

Consumer publications

View or order free printed guides from the Money Advice Service.

Contacts

Send comments or questions about this update and forthcoming publications to:

Email: [email protected]