BANKING

FCA policy development update: September 2017

The FCA updated its policy development update webpage, which sets out information on recent and future FCA publications. This update summarises the FCA's proposed future publications and highlights the changes made to the webpage since it was last updated on 4 August 2017

FCA, 1 September 2017

FCA quarterly consultation 18

The FCA has published its 18th quarterly consultation paper (CP17/32). CP17/32 invites comments on proposed changes to a number of different parts of the FCA Handbook that relate to matters including the following:

  • Changes to fees for varying permission under the revised Payment Services Directive ((EU) 2015/2366) (PSD2).
  • The FCA's enforcement approach to breaches of the Regulation on key information documents (or KIDs) for packaged retail and insurance-based investment products (PRIIPs) (Regulation 1286/2014).
  • Changes relating to the UK implementation of the Insurance Distribution Directive ((EU) 2016/97) (IDD).
  • Change to Chapter 2 of the Prudential sourcebook for Investment Firms (IFPRU) to ensure full implementation of the CRD IV Directive (2013/36/EU).
  • Changes to the Conduct of Business sourcebook (COBS) relating to the PRIIPs KID and personal projections.
  • Changes to the Conduct of Business sourcebook (COBS) in relation to FCA projection rates.
  • Changes to reporting requirements in the Supervision manual (SUP).
  • A new definition for retirement interest-only mortgages.

Depending on the proposals, comments can be made until either 2 October 2017 or 1 November 2017.

FCA, 1 September 2017