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Policy development update

News stories Published: 06/03/2020 Last updated: 06/03/2020

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 6 March 2020.

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
CP on exit fees in investment platforms and comparable firms
  • Investment platforms and ‘comparable firms’ – to be defined in the CP, and may include:

asset and wealth managers,

personal pension operators

fund managers, life insurers and other product providers, where they offer consumers direct access to their products

 COBS March 2020 3 Months Q4 2020
Open-ended Investment Companies -Proposals to facilitate standard listing – Consultation Paper
  • Investors, including retail investors, who own shares in listed OEICs or are considering such an investment
  • OEICs that already have a premium listing of their shares or are considering applying to the FCA for a listing
  • OEICs that currently have a standard listing of their shares under LR chapter 14 (under historic transitional provisions in LR) that may wish to consider moving to the revised standard listing segment for OEICs in LR chapter 16
  • Fund managers of OEICs
  • Advisors to the above, including FCA-approved sponsor firms
 LR Q1 2020 3 months Q4 2020
FCA regulated fees and levies: rates proposals 2020/21
  • Fee-payers paying FCA fees, Financial Ombudsman Service, Money and Pensions Service, Devolved Authorities and Illegal Money Lending levies.
 GLOSS, FEES April 2020 6 weeks July 2020

General insurance value measures reporting – Potential PS
  • 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

Q2 2020

N/A

N/A

Single Easy Access Rate – PS or FS to CP 20/1
  • Providers of cash savings products, intermediaries such as financial advisors, consumer organisations and consumers
 BCOBS Q2 2020 N/A N/A

Quarterly Consultation Papers

Publication

Chapter

Modules

Expected date of feedback*
CP20/4: Quarterly Consultation Paper No 27 (March 2020)

2: Fifth Money Laundering Directive: Proposed changes to DEPP and EG

 DEPP, EG TBC
CP20/4 Quarterly Consultation Paper No 27 (March 2020)

3: Consequential changes to the Financial Crime Guide to reflect provisions in the Money Laundering and Terrorist Financing (Amendment) Regulations 2019

 FCG TBC
CP20/4 Quarterly Consultation Paper No 27 (March 2020) 4: Changes to the Consumer Credit sourcebook - high net worth exemption  CONC TBC
CP20/4 Quarterly Consultation Paper No 27 (March 2020) 5: OPBAS Regulations: Proposed changes to DEPP GLOSS, DEPP  TBC
CP20/4 Quarterly Consultation Paper No 27 (March 2020) 6: Amendments to the notification form to amend firm details  SUP TBC 
CP20/4 Quarterly Consultation Paper No 27 (March 2020) 7: Clarify notifications procedures, include guidance, and make changes to the Directory persons report SUP, MIRU  TBC
CP20/4 Quarterly Consultation Paper No 27 (March 2020) 8: Amendments to MiFID II relating to the tick size regime  MAR, REC  TBC
CP20/4 Quarterly Consultation Paper No 27 (March 2020) 9: Changes to the Glossary terms 'multilateral development bank' and 'designated multilateral development bank'  GLOSS, BIRPU, IPRU-INV TBC
CP19/33: Quarterly Consultation Paper No 26 (December 2019) 2: Claims against appointed representatives and principals COMP TBC
CP19/33: Quarterly Consultation Paper No 26 (December 2019) 3: Listing Rules references to the Prospectus Regulation  LR TBC
CP19/33: Quarterly Consultation Paper No 26 (December 2019) 4: Amendments to the Listing Rules to include a requirement mandating the disclosure of rights attached to the securities LR TBC
CP19/33: Quarterly Consultation Paper No 26 (December 2019) 5: Amendments to the Handbook to reflect changes made by Financial Guidance and Claims Act GLOSS, GEN, FEES, CREDS TBC
CP19/33: Quarterly Consultation Paper No 26 (December 2019) 6: Payment Services and Electronic Money: changes to PERG 15.3 Payment Service PERG TBC
CP19/33: Quarterly Consultation Paper No 26 (December 2019) 8: Further Brexit-related changes to Handbook & BTS following extension of Article 50  SUP, SYSC, GLOSS, MCOB, DTR TBC

CP19/27: Quarterly Consultation Paper No 25 (September 2019)

3: Amendments to the Collective Investment Schemes sourcebook

COLL, SUP

TBC

CP19/27: Quarterly Consultation Paper No 25 (September 2019)

4: Minor Handbook amendments to update references to the UK Corporate Governance Code

GLOSS, COCON, APER, DEPP, LR, DTR

TBC

CP19/27: Quarterly Consultation Paper No 25 (September 2019)

7: Further Brexit-related changes to Handbook & BTS following extension of Article 50

GLOSS, PRIN, SYSC, GEN, COBS, MCOB, BCOBS, PROD, SUP, DEPP, COLL, CONC, RCB, LR, PRR, DTR, EG, PERG

TBC

CP19/27: Quarterly Consultation Paper No 25 (September 2019)

8: Lending Standards Board – FCA code recognition

FEES

TBC

CP19/19: Quarterly Consultation Paper No 24 (June 2019)

2: Gibraltar-based firms – fees and levies

FEES

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

* 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 and Pensions Service.

Contacts

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

Email: [email protected]