On 22 April 2016, the FCA published its Handbook Notice No.32. The Notice sets out changes made to the Handbook by the FCA Board on 21 April 2016.
Items of interest include:
Consumer Redress Schemes (General Material) Instrument 2016 (FCA 2016/32): This instrument makes changes to the Handbook to clarify how the FCA will use the consumer redress powers in sections 404, 404B and 404F(7) Financial Services and Markets Act 2000. This instrument came into force on 22 April 2016.
Compensation Sourcebook (Amendment No 10) Instrument 2016 (FCA 2016/33): This instrument increases Financial Services Compensation Scheme (FSCS) protection for certain types of claim, clarifies the compensation rules in relation to successor firms and will assist the FSCS in handling claims. This instrument comes into force on 29 April 2016.
Enforcement Guide (Transparency Regulations 2015) Instrument 2016 (FCA 2016/36): This instrument makes changes to the Handbook to provide a decision-making mechanism for applying to court for a voting rights suspension order. This instrument came into force on 22 April 2016.