BANKING

MAR: FCA policy statement on changes to DTR 2.5 (delaying disclosure of inside information)

The FCA has published a policy statement summarising feedback received on its consultation paper CP16/38 and setting out the Handbook changes to DTR 2.5. The policy statement confirms that the FCA will proceed with its proposals to amend DTR 2.5 on the basis outlined in the consultation paper, save for the following changes:

  • Inclusion of the word "indicative" in DTR 2.5.1BG
  • Limiting the scope of DTR 2.5.4(1)G
  • Making minor amendments to the final sentence of DTR 2.5.4(2)G

The FCA has also published the Disclosure Guidance and Transparency Rules Sourcebook (Delayed Disclosure) Instrument 2017 which implements the changes outlined in the policy statement. The changes come into force on 24 February 2017.

FCA, 24 February 2017

 

BCBS updates FAQs on Basel III net stable funding ratio

The Basel Committee on Banking Supervision (BCBS) has published an updated version of its FAQs on the Basel III net stable funding ratio (NSFR) (BCBS396). The FAQs have been updated to include new answers on the treatment of repo and secured funding transactions (FAQ 5.1) and on excess over-collateralisation in a covered bond collateral pool (FAQ 34). Basel Committee on Banking Supervision, February 2017

 

FCA Handbook Notice 41

The FCA has published Handbook Notice 41, which sets out the changes made to the FCA Handbook and introduces other material made by the FCA Board under its legislative powers on 23 February 2017; introduces changes made by the Financial Ombudsman Service on 8 February 2017 to its rules, guidance and standard terms; and contains feedback on consultation that will not have a separate Policy Statement published by the FCA.

FCA, 24 February 2017

 

INVESTMENTS AND FUNDS

FCA statement on variation margin deadline under EMIR

The FCA has published a statement on the 1 March 2017 deadline for compliance by firms with the new regime for variation margin under EMIR (the Regulation on OTC derivative transactions, central counterparties and trade repositories). FCA, 23 February 2017