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 7 December 2018.

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 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.

High level standards

Future publications

Intended audience

Module

Expected date

Consultation period

Expected feedback date

General standards and communication rules for the payment services and e-money sectors – PS to CP18/21 Payment service providers (PSPs) and e-money issuers, consumer bodies and relevant trade bodies PRIN, BCOBS January 2019 N/A N/A

Claims management: how we will regulate claims management companies - PS to CP18/15 and CP18/23

Claims management companies established or serving customers, in England, Scotland and Wales, including those who deal with section 75 claims, consumer bodies, relevant trade bodies and firms that deal with CMCs PRIN, SYSC, GEN, CASS, SUP, DISP, CMCOB, FC, PERG, WDPG, FEES, GLOSS December 2018 N/A N/A
Approach to final Regulatory Technical Standards and EBA guidelines under the revised Payment Services Directive (PSD2) – PS to CP18/25 Payment Service Providers and Credit Unions GLOSS, SUP, DISP, CREDS, BCOBS December 2018 N/A N/A
Regulatory fees and levies: policy proposals for 2019/20 - PS to CP18/34
  • Firms which are, or intend to become, credit rating agencies or trade repositories 
  • All fee-payers but especially mutual societies in fee-block F which are not authorised under FSMA; members of the public inspecting the mutuals register.
  • General insurers in fee-block A.3 and life insurers in fee-block A.4.
  • Firms that pay the: illegal money lending levy; and Single Financial Guidance Body levy.
  • All consumer credit fee-payers but especially community finance organisations and credit unions.
  • Firms in the A.2 (Home finance providers and administrators) and CC3 (Consumer credit lending) fee blocks, especially firms in the temporary permissions regime.
GLOSS FEES March 2019 N/A N/A
Recovering the costs of regulating securitisation repositories after the UK leaves the European Union
  • Firms which intend to become securitisation repositories
GLOSS FEES January 2019 1 month March 2019
OPBAS (Office for professional body anti-money-laundering supervision): fee rate 2018/19 – PS to CP18/32
  • Professional body supervisors overseen by OPBAS
FEES App2 January 2019 N/A N/A
FCA regulated fees and levies: rates proposals 2019/20
  • Fee-payers paying FCA fees, Financial Ombudsman Service, Single Financial Guidance Body, Devolved Authorities and Illegal Money Lending levies.
GLOSS FEES April 2019 2 months July 2019

Review of the permitted links rules for insurers in relation to investment in Patient Capital and a discussion paper on Patient Capital investment in authorised funds.

  • Insurers offering pensions and insurance-based investment products plus fund
COBS December 2018 2 months End February 2019
General insurance value measures reporting CP
  • 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 Q1 2019 3 months H2 2019

Regulatory Processes

Future publications Intended audience Module Expected date Consultation period Expected feedback date
EU Securitisation Regulation Implementation (DEPP and EG) CP These proposals will be of interest to anyone who may be subject to regulation under the EU Securitisation Regulation DEPP, EG October 2018 3 weeks December 2018

Quarterly Consultation Papers

Publication

Chapter

Modules

Expected date of feedback*

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]