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 5 May 2017.

Publications issued

The following publications were issued recently:

•    CP17/12 FCA Regulated fees and levies: rates proposals 2017/18
•    CP17/11 Implementation of the revised Payment Services Directive (PSD2)
•    PS17/10 Remuneration in CRD IV firms
•    PS17/9 Guidance on the duty of responsibility
•    PS17/8 Applying conduct rules to all non-executive directors in the banking and insurance sectors
•    PS17/7 Whistleblowing in UK branches of foreign banks
•    PS17/6 Disclosure rules following application of PRIIPs Regulation
•    GC17/4 Financial Advice Market Review (FAMR): implementation part I
•    GC17/3 Primary Market Bulletin No.17
•    FG17/4 The fair treatment of mortgage customers in payment shortfall: impact of automatic capitalisations
•    FG17/3 Primary Market Bulletin No. 17
•    DP17/3 Discussion Paper on distributed ledger technology
•    FS17/1 Our Mission 2017
•    Handbook Notice No.43

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

FCA regulated fees and levies: rates proposals 2017/18 – PS to CP17/12
  • fee-payers paying FCA fees, Financial Ombudsman Service, Money Advice Service, Pensions Guidance and Illegal Money Lending levies
GLOSS, FEES July 2017 N/A N/A
Market Infrastructure Providers - proposed 2017/18 fee rates
  • recognised Investment Exchanges (RIEs), Benchmark Administrators (BAs), and data reporting services providers (DRSPs)
FEES July 2017 2 months December 2017
Regulatory fees and levies: policy proposals for 2018/19
  • various FEES clarifications and definitional adjustments – other topics still under discussion
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

Business standards

Future publications

Intended audience

Module

Expected date

Consultation period

Expected feedback date

Enhancing conduct of business rules for firms providing contract for difference products to retail clients – PS to CP16/40
  • contract for difference firms
COBS June 2017 N/A N/A
Insurance Distribution Directive Implementation – PS to CP1
  • 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 – CP2
  • firms involved in insurance distribution
  • consumers and consumer groups
COBS, ICOBS, PROD, SUP, SYSC TBC 3 months TBC
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

Creditworthiness and affordability in consumer credit – CP

  • consumer credit firms
  • consumer organisations
  • trade bodies

CONC

TBC

3 months

TBC

Other

Publication

Chapter

Modules

Expected date of feedback

CP17/6 Quarterly Consultation No. 16 (March 2017) 2: Changes to DEPP and EG following the Bank Recovery and Resolution Order 2016 DEPP, EG TBC
CP17/6 Quarterly Consultation No. 16 (March 2017)

3: Changes to the Market Conduct sourcebook relating to ESMA guidelines on commodity derivatives

MAR TBC
CP17/6 Quarterly Consultation No. 16 (March 2017) 4: Changes to Immigration Act compliance reporting SUP, EG TBC
CP17/6 Quarterly Consultation No. 16 (March 2017) 5: Minor amendments to LR and PR GLOSS, LR, PR TBC
CP17/6 Quarterly Consultation No. 16 (March 2017) 6: Changes to REC 3.9 and MAR 5.6; minor amendments to REC 2.3 MAR, REC TBC
CP17/6 Quarterly Consultation No. 16 (March 2017) 7: Smarter Consumer Communications: changes to COBS and MCOB COBS, MCOB TBC
CP17/6 Quarterly Consultation No. 16 (March 2017) 8: Changes to reporting requirements in the Supervision manual SUP TBC
CP16/39 Quarterly Consultation No. 15 (December 2016) 2: Pension projections for risk warnings GLOSS, COBS 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

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: handbookproduction@fca.org.uk