FSA has made a suite of instruments creating the PRA and FCA Handbooks and published a number of guides on using the new rules. The FSA website now includes links to each of the FSA, PRA and FCA Handbooks so far as currently made. BoE has also created a PRA area on its website. The new guides include:
- a reader’s guide, which is an introduction to the Handbook. This explains the legal status of the rules in the Handbook and how the “building blocks” which formed the FSA Handbook work. It implies FCA will continue with the same Handbook publications as FSA, including Handbook Notices and Policy Development Updates as well as consultation and discussion papers with associated feedback and policy statements. It also includes a summary of the status of various parts of the Handbook, using icons for specific provisions. The guide (and a separate guide) also looks at the form of the PRA Handbook; and
- a guide to designation that explains how each provision of the Handbook has been marked to show whether it applies to FCA-regulated firms, PRA-regulated firms or both. There is one version of the Handbook showing only FCA provisions, one showing only PRA and one showing each provision of the FSA Handbook and its respective designation.
The instruments made so far are:
- the LCO (FCA and PRA Handbooks (Glossary)) Instrument 2013: this amends existing Glossary provisions, creates new ones and notes the legislative powers under which the new regulators can make the rules;
- the LCO (FCA and PRA Handbooks (General Provisions (GEN))) Instrument 2013: this notes how certain provisions of GEN have been made or designated as at LCO or if the rule is no longer in force;
- the FCA and PRA Handbook Designation Instrument 2013: this sets out, by FSA Handbook module and rule, which rules are designated to FCA, PRA, both regulators or neither;
- the FCA and PRA Handbook Designation (General Modifications) Instrument 2013: this specifies modifications to each module of the Handbook related to LCO and the new regulators; and
- the FCA and PRA Handbook Designation (Particular Modifications) Instrument 2013: this sets out, again by module, more specific modifications related to the change to regulatory structure and new regulatory powers.
(Source: FSA Handbook Homepage, PRA Homepage, Reader’s Guide, a Guide to Designation, LCO (FCA and PRA Handbooks (Glossary)) Instrument 2013, LCO (FCA and PRA Handbooks (General Provisions (GEN))) Instrument 2013, FCA and PRA Handbook Designation Instrument 2013, FCA and PRA Handbook Designation (General Modifications) Instrument 2013 and FCA and PRA Handbook Designation (Particular Modifications) Instrument 2013)