The FSA has published Handbook Notice 99. This Handbook Notice introduced the FSA Handbook and other material made by the FSA Board under its legislative powers on 22 April 2010.

On 22 April 2010, the FSA Board made changes to the FSA Handbook in two instruments which:

  • Correct two errors in the Listing Rules sourcebook. The FSA Board made minor amendments to LR 14.1.1R and LR 14.2.5G. These changes deal with two errors in those rules that had the effect of excluding a small number of shares from being allocated into Chapter 14 of the Listing Rules.
  • Make minor clarificatory changes to the Disclosure and Transparency Rules sourcebook (DTRs). Following consultation in chapter 5 of Consultation Paper 10/1: Quarterly consultation (No. 23) the FSA Board has made two minor amendments to the DTRs. The first amendment inserts extra text to clarify an exemption to the requirement that all UK-traded non-EEA issuers must ensure that the person providing the audit report is, inter alia, on the register of third country auditors and to make clear that this does not apply to an issuer that issues exclusively debt securities admitted to trading, the denomination per unit of which is at least 50,000 Euros (or an equivalent amount). The second amendment is to clarify that an issuer whose registered office is in a non-EEA State and whose relevant laws are considered equivalent by the FSA is not exempted from the rules on audit reports.

The FSA has also produced a guidance note which is of relevance to social housing providers (Housing Associations and Local Authorities, and Arm’s Length Management Organisations). The guidance note seeks to help social housing providers understand what activities can be carried out without being subject to FSA regulation or breaching restrictions on financial promotions.

View Handbook Notice 99, 23 April 2010