FSA made several more sets of rules at its September Board meeting, as well as the new SYSC and CASS rules discussed above, and the short selling rules approved and released earlier this month:

  • the Companies Act 2006 (Consequential Handbook Amendments No 2) Instrument 2008 amends the Glossary, IPRU(INV) and CRED from 1 October. The changes take account of the LLP Regulations;
  • the Status Disclosure and FSA Logo Instrument 2008 amends GEN and SUP from 31 October. It changes the status disclosure rules for incoming EEA firms;
  • the Periodic Fees (Solvency II) Instrument 2008 amends FEES from 6 October. It creates a special project fee to recover some of FSA’s Solvency II preparation costs from insurers;
  • the Self-Invested Personal Pensions (Contracting Out) Instrument 2008 amends COBS from 1 October. It requires a firm to provide comparison projections to consumers who contract out using a SIPP;
  • the SUP (Amendment No 14) Instrument 2008 amends SUP from 6 October. It gives firms greater flexibility in telling FSA of changes in application details for approved persons;
  • the DISP (Amendment No 2) Instrument 2008 amends DISP from 1 October. It extends FOS’s jurisdiction to cover debt administration firms;
  • the COLL (Immovables Valuation) Instrument 2008 amends COLL from 6 October. It amends the rules on correct valuation of immovable property held by UCITS Retail Schemes and QIS;
  • the Fees (Transaction Reporting) (Amendment) Instrument 2008 amends FEES from 6 October. It increases the fees for applicants as ARMs; and
  • the FSCS (Amendment of Fees Provisions) (No 2) Instrument 2008 amends FEES at the same time that Bradford & Bingley shares are transferred to the Treasury Solicitor and other assets are, after the first transfer, transferred to another person. The change allows FSCS to make a levy on a firm that ceases to be a participant firm to meet FSCS expenses arising from the B&B failure.