The FCA has published its Policy Development Update – Issue 36 covering key publications issued since the last edition. The update also sets out forthcoming publications and where applicable, expected dates for publication.

Of key interest are the following:

  • Feedback Statement to Chapter 2 of CP16/8: Application of the Mortgage Credit Directive rules for passporting firms – this is aimed at mortgage firms intending to passport into or outside the UK. This was expected to be published in July 2016, and should therefore be expected imminently.
  • Policy Statement to CP15/32: Smarter Consumer Communications: Removing certain ineffective requirements in the Handbook – this is aimed at the wider industry and is expected to be published in the Autumn of 2016.
  • Consultation Paper: Implementation of the Benchmarks Regulation – this is aimed at benchmark administrators, benchmark contributors, banks and certain other firms. The Consultation Paper is expected to be published in February 2017.
  • Consultation Paper: Updating and clarifying consumer credit reporting provisions – this is aimed at all regulated consumer credit firms and is expected to be published in October 2016.