On 3 June 2016, the FCA published Issue 34 of its Policy Development Update.

The Policy Development Update includes, amongst other things, the following:

Confirmation of the publications issued since the last update. Examples include PS16/15 whereby the FCA set out the feedback on CP15/33, relating to consumer credit proposals in response to the CMA’s recommendations on high cost, short term credit, FS16/3 setting out the feedback from the FCA’s Call for Input on competition in the mortgage sector and GC16/5 setting out proposed guidance by the FCA on wind-down planning.

Forthcoming publications, including the Policy Statement to CP14/13 ‘Strengthening accountability in banking: a new regulatory framework for individuals’, and the Policy Statement to CP15/32‘Smarter Consumer Communications: Removing certain ineffective requirements in our Handbook’.  The publication dates for these Policy Statements are yet to be confirmed.