FCA Handbook Notice: No. 44
The FCA has published Handbook Notice 44, setting out the changes made to the Handbook under the following instruments. The changes which were made by the FCA Board on 25 May 2017:
- Enforcement (Bank Recovery and Resolution Order 2016) Instrument 2017 (FCA 2017/31). The instrument makes changes to the Decisions Procedure and Penalties manual and the Enforcement Guide to provide a decision making mechanism for the use of new powers under the Bank Recovery and Resolution Order 2016 (SI 2016/1239). Comes into force: 26 May 2017.
- Handbook Administration (No 46) Instrument 2017 (FCA 2017/29). This instrument makes minor administrative changes to the following modules of the FCA's Handbook: FEES 4 Annex 11R; IPRU(INV) Annex A.1; MCOB 4 and 14; SUP 10A Annex 4D, 10A Annex 8D, 10C Annex 2D, 11,13A, 15 and 16; DISP App 3.7A; COLL 6; CONC TP 7; FUND 3.
- Conduct of Business Sourcebook (Pension Annuity Comparator) Instrument 2017 (FCA 2017/30): the FCA Board has made changes to the Glossary and COBS 14 and 19.
FCA, 26 May 2017
FCA Data Bulletin: May 2017
The FCA has published its latest Data Bulletin providing an analysis of the intermediaries sector, based on its Retail Mediation Activities Return (RMAR). The bulletin also looks at the trends in activities and revenue for 2016 and provides information on advice and charges, showing an increase in revenues across the sector, in particular mortgage mediation.
FCA May 2017
INVESTMENTS AND FUNDS
FCA policy statement on implementing information prompts in the annuity market
The FCA has published a policy statement on implementing information prompts in the annuity market (PS17/12). The statement outlines the FCA's response to the feedback received to its November 2016 consultation on information prompts. It also outlines the FCA's final rules which require firms to inform consumers how much they could gain from shopping around and switching provider, before they buy an annuity.
FCA, 26 May 2017