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Policy development update

News stories Published: 02/11/2018 Last updated: 03/05/2019

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 3 May 2019.

Publications issued

The following publications were issued recently:

Upcoming publications

For an explanation of the modules see our Handbook Reader's Guide and for an overview of the Handbook see the structure diagram. 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.

Future publications

Intended audience

Module

Expected date

Consultation period

Expected feedback date
Consultation and discussion on Investment Platforms Market Study remedies (to be published alongside the Market Study Final Report) Platform Service Providers, other firms that distribute retail investment products, fund managers. COBS March 2019 3 months Q4 2019
Recovering the costs of regulating credit rating agencies, trade repositories and securitisation repositories after the UK leaves the European Union – fee rates for 2019/20

Firms which are, or intend to become, credit rating agencies, trade repositories or securitisation repositories

 GLOSS FEES July 2019 2 months October 2019
OPBAS (Office for professional body anti-money-laundering supervision): fee rate 2018/19 – PS to CP19/13

Professional body supervisors overseen by OPBAS

 FEES App2 July 2019 N/A N/A
OPBAS (Office for professional body anti-money-laundering supervision): fee rate 2019/20 Professional body supervisors overseen by OPBAS FEES App2 July 2019 2 months November 2019
Retirement Outcomes Review: Investment pathways and other changes – PS to CP19/5 Firms providing income drawdown. It will also be of interest to individuals and firms providing advice, distributors of retirement income products, asset management firms, trade bodies, consumer representative groups, charities and other organisations with an interest in the ageing population COBS, PROD, PERG July 2019 N/A N/A
FCA regulated fees and levies: rates proposals 2019/20 - PS to CP19/16

Fee-payers paying FCA fees, Financial Ombudsman Service, Money and Pensions Service, Devolved Authorities and Illegal Money Lending levies.

 GLOSS FEES July 2019 N/A N/A

Review of the permitted links rules for insurers in relation to investment in Patient Capital- PS to CP18/40 and follow-up to DP18/10on Patient Capital investment in authorised funds.

Insurers offering pensions and insurance-based investment products plus fund

 COBS H2 2019 N/A N/A
General insurance value measures reporting – PS to CP19/8

Insurers, intermediaries and other firms involved in the insurance market, and trade bodies representing these firms. It will also be of interest to consumer organisations and consumers.

 ICOBS, REP, PROD H2 2019 N/A N/A
High-cost Credit Review: Overdrafts PS to CP18/42
  • Banks and building societies, payment service providers

BCOBS

CONC

 June 2019 N/A N/A
High-cost Credit Review: Buy Now Pay Later PS to CP18/43
  • Firms who offer BNPL, trade bodies representing them, and consumer bodies.

CONC,

GLOSS

 June 2019 N/A N/A
High-cost Credit Review: Alternatives to high-cost credit
  • Credit unions, CDFIs, consumer hire firms, and innovators in social lending; also other consumer credit providers (including banks), social housing providers, and trade bodies representing any of the above.  
 N/A June 2019 N/A N/A
Policy Statement on changes to align the FCA Handbook with the EU Prospectus Regulation
  • UK and overseas issuers with UK-listed securities or making a public offer and firms advising issuers on bringing securities to the market or making an offer.
 PR May 2019 N/A N/A
Policy Statement on proposals to improve shareholder engagement
  • Asset managers and life insurers, issuers and shareholders

COBS

LR

DTR

 May 2019 N/A N/A
Loan-based (peer-to-peer) crowdfunding platforms: feedback to CP18/20 and final rules
  • P2P platforms and investment based crowdfunding platforms

COBS

SYSC

MCOB

Glossary

 May 2019 N/A N/A
Securitisation (Amendment) (EU Exit) Regulations 2019 and Securitisation Regulations 2018 – PS to CP19/11
  • Entities which may want to act as securitisation repositories, firms involved in securitisation markets and individuals holding positions of responsibility at firms involved in securitisation markets.
 DEPP, EG June 2019 N/A N/A

Quarterly Consultation Papers

Publication

Chapter

Modules

Expected date of feedback*
CP18/39: Quarterly Consultation Paper No 23 (December 2018) 2: Changes to Firm Details reporting requirements SUP TBC
CP18/24 Quarterly Consultation No. 22 (September 2018) 2: Changes to reporting requirements in SUP SUP TBC

CP18/24 Quarterly Consultation No. 22 (September 2018)

3: Changes to supervisory principles

SUP

Winter 2018/19

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

* 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]