On July 27, the Financial Services Authority (FSA) issued policy statement PS07/12 and announced the results of its review of its Enforcement and Decision Making Manuals. This review formed part of the FSA's work to simplify its Handbook of Rules and promotion of “better regulation.” Specifically the FSA’s goal has been to make the material with respect to enforcement clearer and easier to navigate. It has deleted the current ENF (enforcement) and DEC (decision making) manuals and replaced them with a new “Decision Procedure and Penalties Manual” (DEPP) manual and a new “Enforcement Guide” (EG) which will now form part of the Handbook. The changes include modifications of policy and procedure and consequent developments in enforcement policy.