Policy development update

The policy development update provides information on our recent and upcoming publications. We update this page on the first Friday of each month – this version is current as of 6 January 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 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

Proposed Handbook changes to reflect the new regulatory framework for Insurance Linked Securities – CP
  • Insurance Special Purpose Vehicles (ISPVs)
  • firms that undertake (outsourced) activities on behalf of ISPVs​​​​​​
  • professional advisers to ISPVs
  • insurers seeking to use ISPVs as risk mitigation in accordance with Solvency II
TBC January 2017 6 weeks April 2017

Regulatory fees and levies: policy proposals for 2017/18 – PS to CP16/33

  • all firms with credit related permissions
  • fee-payers impacted by MiFID
  • community finance organisations
  • Benchmark Administrators, Recognised Investment Exchanges and Service  Companies
  • any credit-broker seeking authorisation for credit-related activity
GLOSS, FEES February 2017 N/A N/A
FCA regulated fees and levies: rates proposals 2017/18
  • fee-payers paying FCA fees, Financial Ombudsman Service, Money Advice Service and Pensions guidance levies
GLOSS, FEES March 2017 2 months June 2017

Business standards

Future publications

Intended audience

Module

Expected date

Consultation period

Expected feedback date

Insurance Distribution Directive Implementation – CP1
  • firms involved in insurance distribution
  • consumers and consumer groups
SYSC, TC, MIPRU, IPRU(INV), ICOBS, DISP 24 February 2017 3 months July 2017
Implementation of the Benchmarks Regulation – CP
  • benchmark administrators
  • benchmark contributors
  • banks
  • firms
MAR, TBC February 2017 3 months TBC
Consultation on new rules for firms running crowdfunding platforms
  • firms operating loan-based and investment-based crowdfunding platforms
COBS Q1 2017 3 months Q3 2017

Redress methodology for pension transfers – CP

  • firms handling pension transfer complaints

TBC

Q1 2017

3 months

Q2 or Q3 2017

Specialist sourcebooks

Future publications

Intended audience

Module

Expected date

Consultation period

Expected feedback date

Creditworthiness and affordability in consumer credit – CP

  • consumer credit firms
  • consumer organisations
  • trade bodies

CONC

Q1 2017

3 months

TBC

Other

Publication

Chapter

Modules

Expected date of feedback

CP16/39 Quarterly Consultation No. 15 (December 2016) 2. Pension projections for risk warnings GLOSS, COBS TBC
CP16/39 Quarterly Consultation No. 15 (December 2016) 3. Decision making changes relating to the MLR 07 DEPP TBC
CP16/39 Quarterly Consultation No. 15 (December 2016) 4. Changes to EG and DEPP following the CCBS Act GLOSS, DEPP, EG TBC
CP16/39 Quarterly Consultation No. 15 (December 2016) 5. Adviser charging for vertically integrated firms COBS TBC
CP16/39 Quarterly Consultation No. 15 (December 2016) 6. Changes to the requirements in the Disclosure Guidance and Transparency Rules DTR TBC
CP16/39 Quarterly Consultation No. 15 (December 2016) 7. Changes to the Training and Competence sourcebook GLOSS, TC Spring 2017
CP16/39 Quarterly Consultation No. 15 (December 2016) 8. Changes to reporting requirements in the Supervision manual FEES, SUP, DISP, CONC TBC

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

3: Minor changes to our equity release rules

GLOSS, MCOB, SUP

January or February 2016

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

4: Consequential amendments to Short Form A

SUP

December 2016

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

6: Mutuals' deferred shares

GLOSS, COBS

TBC

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

2: The Insurance Act 2015

COBS, ICOBS

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

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

10: Transparency reporting requirements for AIFMs

FUND

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

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:

Telephone: 020 7066 0334

Email: handbookproduction@fca.org.uk