Policy development update | FCA

Posted on by caretaker
01 Dec

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
Money Advice Service, formalising the debt advice concession for smaller Credit Unions – PS to chapter 9 in PS17/15
  • Credit Unions and other firms in the A.1 deposit acceptors fee-block
 FEES December 2017 N/A N/A
Recovering the costs of the Office for Professional Body Anti-Money Laundering Supervision (OPBAS): fees proposals – PS to CP17/35 Professional body supervisors listed or who are considering applying to be listed under Schedule 1 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017N/A FEES March 2018 N/A N/A
Regulatory fees and levies: policy proposals for 2018/19 PS to CP17/38
  • FCA periodic fee-payers – all
  • Financial Ombudsman Service annual general levies under both the compulsory and voluntary jurisdictions – paid by insurers
  • Money Advice Service levy payers – deposit takers in fee-block A.1, home finance providers in fee-block A.2, consumer credit firms that undertake lending and other firms in fee blocks CC1 and CC2
 FEES March 2018 N/A N/A
Market Infrastructure Providers 2017/18 fee rates – PS to CP17/31
  • recognised investment exchanges (RIEs), benchmark administrators (BAs), and data reporting services providers (DRSPs)
 FEES December 2017 N/A N/A
Reviewing the funding of the Financial Services Compensation Scheme (FSCS) – PS to CP17/36 COMP, FEES 6 Q2 or Q3 2018 N/A N/A
Financial Advice Market Review implementation part 2 – PS to CP17/28
  • advice firms and product providers
  • trade associations
  • consumers and consumer groups
 COBS, COLL, COMP, DISP, GLOSS, ICOBS, PERG, RPPD, SUP, TC December 2017 N/A N/A

Business standards

Future publications

Intended audience

Module

Expected date

Consultation period

Expected feedback date
Insurance Distribution Directive Implementation – PS to CP17/23
  • firms involved in insurance distribution
  • consumers and consumer groups
 COBS, ICOBS, PROD, SUP, SYSC December 2017 N/A N/A
Insurance Distribution Directive Implementation – PS to CP17/33
  • firms involved in insurance distribution
  • consumers and consumer groups
 COBS, ICOBS, PROD, SUP, SYSC January 2018 N/A N/A

Specialist sourcebooks

Future publications

Intended audience

Module

Expected date

Consultation period

Expected feedback date

Credit card market study: consultation on persistent debt and earlier intervention remedies – PS to CP 17/10
  • firms offering credit cards
  • firms providing debt advice
  • consumer organisations 
  • trade bodies

CONC

TBC

N/A

N/A

Other

Publication

Chapter

 Modules

Expected date of feedback*
CP17/34 Occasional Consultation (October 2017) 7: Joint PRA and FCA form, PRA Rulebook, and FCA Handbook changes – Markets in Financial Instruments Directive II (MiFID II), Insurance Distribution Directive (IDD), and Benchmarking Regulation (BMR) amendments GLOSS, SUP December 2017
CP17/32 Quarterly Consultation No. 18 (September 2017) 2: PSD2 changes to fees FEES TBC
CP17/32 Quarterly Consultation No. 18 (September 2017) 3: Enforcement approach to breaches of PRIIPs Regulation DEPP, EG TBC
CP17/32 Quarterly Consultation No. 18 (September 2017) 4: Changes relating to the Insurance Distribution Directive and COBS 16 COBS, SUP TBC
CP17/32 Quarterly Consultation No. 18 (September 2017) 6: The PRIIPs key information document and personal projections COBS TBC
CP17/32 Quarterly Consultation No. 18 (September 2017) 7: Projection rates COBS TBC
CP17/32 Quarterly Consultation No. 18 (September 2017) 8: Changes to reporting requirements SUP TBC
CP17/32 Quarterly Consultation No. 18 (September 2017) 9: Retirement interest-only mortgages GLOSS, MCOB 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

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]

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