CP24/11: Quarterly Consultation Paper No. 44

Consultation opens
Consultation closes

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.

CP24/11: Quarterly Consultation Paper No. 44 (PDF)

What we are consulting on this quarter

  • Introduction of criminal background checks on owners and controllers at the Authorisation’s gateway. 
  • Changes to SUP 11.3.1BG and delete SUP Annex 6G following our recent consultation on proposed non-Handbook guidance for the prudential assessment of acquisitions and increases in control. 
  • Changes reflecting amendments that the Treasury made to the UK MiFID delegated regulation in the Handbook. 
  • Delete COLL 5.2.30R(1)(c) so that the provisions in COLL 5.2.29R apply at the sub-fund level of an umbrella Collective Investment Scheme (CIS) investing in units of other CIS. 
  • Clarification that the 25% limit set out in COLL 5.2.29R(3) must be applied at the level of the individual sub-funds of an umbrella CIS when its units are held by another CIS. 
  • Removal from the Handbook of certain EU withdrawal related provisions which have now expired and to rename certain terms. 
  • To make a consequential amendment to the UK version of Commission Delegated Regulation (EU) 2015/2 of 30 September 2014, the regulatory technical standards for the presentation of the information that credit rating agencies make available to the FCA. 
  • Remove references to long-term investment funds (LTIFs), the LTIF Regulation and EEA LTIFs from the Handbook following the government’s repeal of the LTIF Regulation on 1 January 2024.  
  • Modifications to the MiFIR technical standards. 

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. Please use this online form or alternatively email: [email protected]

Comments should reach us by 12 August 2024.   

Further information

For more information, please view the FCA Handbook