FSA’s latest quarterly consultation proposes changes:

  • to give guidance to firms on how to communicate Advanced Measurement Approach (AMA) extensions and changes;
  • to the rules on how to calculate certain counterparty credit risk exposure values;
  • implementing changes to insurance capital requirements following a European Commission review;
  • to give customers of authorised professional firms better protection where those firms carry out non-mainstream regulated activity;
  • to give FSA powers to consider applications to become recognised auction platforms;
  • changing the Listing Rules in respect of cancellation of listings and notification requirements for sponsors; and
  • delaying application of the rules in the Conduct of Business Sourcebook (COBS) 14.4 relating to investment in authorised funds through nominees until 31 December 2013.

FSA needs comments on its AMA and COBS proposals by 6 July, and comments on other proposals by 6 August.(Source: Quarterly Consultation No 33 (CP12/11*))