On 31 July 2015 the FCA published the Handbook Notice 24, outlining changes made to the FCA Handbook under instruments made by the FCA board on 2 July 2015 and 30 July 2015 and by the board of the Financial Ombudsman Service (FOS) on 21 July 2015 and 29 July 2015.

The key Handbook instruments are: 

  • Retail Distribution Review (Platforms) (Amendment No 3) Instrument 2015 (FCA 2015/40). This instrument stops rules coming into force that relate to the passing on of disclosures and notifications of general meetings. It came into force on 31 July 2015.
  • Mortgage Credit Directive (Amendment) Instrument 2015 (FCA 2015/41). The changes made relate to the rules made in March 2015 to implement the Mortgage Credit Directive. These changes come into force on 21 March 2016.
  • Consumer Credit (Mortgage Credit Directive) Instrument 2015 (FCA 2015/42).The instrument makes changes to the Handbook, further to general implementation of the Mortgage Credit Directive (MCD), to include MCD requirements for some niche forms of lending. It also clarifies guidance in the Perimeter Guidance manual (PERG) on contingent liabilities. Part of this instrument comes into force on 21 September 2015 and the remainder on 21 March 2016.
  • Complaints Handling (Financial Ombudsman Service) Instrument 2015 (FOS 2015/7). These are changes to the Handbook made by the FOS to bring the standard terms for voluntary jurisdiction participants into alignment with the rules for firms subject to the compulsory jurisdiction (to the extent applicable). Part of this instrument comes into force on 31 July 2015, part on 1 October 2015, part on 26 October 2015 and the remainder of the instrument comes into force on 30 June 2015.