Treasury has made the Financial Conglomerates and Other Financial Groups (Amendment) Regulations 2013, which take effect from 10 June. These Regulations reflect changes to the Financial Conglomerates Directive (FICOD). They amend secondary legislation regarding the role of the supervisors in relation to the substantive changes introduced in the FICOD review. These cover changes to capital calculations, the requirement to include asset management companies and alternative investment fund managers, identification threshold triggers and stress testing. (Source: The Financial Conglomerates and Other Financial Groups (Amendment) Regulations 2013)