CP19/27: Quarterly Consultation Paper No 25

Once a quarter, we consult on proposed miscellaneous amendments to our Handbook. These tend to be minor changes but we still want to get your feedback on our proposals. Some of the proposed Brexit changes will only come into effect if the UK leaves the EU on 31 October 2019 without an implementation period.

CP19/27: Quarterly Consultation Paper No 25 (PDF)

What we are consulting on this quarter

We are proposing:

  • minor amendments to chapter 15 of the Supervision manual (SUP) related to Alternative Investment Fund Managers Directive (AIFMD) Forms 
  • amendments to the Collective Investment Schemes (COLL) sourcebook
  • minor Handbook amendments to update references to the UK Corporate Governance Code
  • changes to DTR to implement the European Single Electronic Format
  • to implement the changes made by Treasury to domestic legislation to reflect the amendments brought by the European Commission’s Regulatory Fitness and Performance Programme (REFIT) to the European Market Infrastructure Regulation EMIR (EMIR) and make firms aware of the FCA’s new powers set out in the amended domestic legislation
  • further Brexit-related changes to Handbook & BTS following extension of Article 50, which will only come into effect if the UK leaves the EU without an implementation period
  • to seek views from interested stakeholders about whether the Lending Standards Board’s Standards of Lending Practice for business customers meet our Codes Recognition Criteria
  • modifications to periodic fees rules for Recognised Overseas Investment Exchanges that are also European Economic Area market operators.
  • changes to regulatory reporting requirements
  • to modify our ‘wake-up’ pack and annuity information prompt rules to reflect our policy intention
  • changes to the Training and Competence (TC) sourcebook list of appropriate qualifications

Who this applies to

This will be relevant if you or your firm has any interest in the subjects mentioned above.

Next steps

Online response form

We want to know what you think of our proposals. Comments should reach us by 4 October 2019 for chapters 2,7,9,10,11 and 12, and 1 November 2019 for chapters 3,4,5,6 and 8.

Further information

For more information please view the FCA Handbook