FCA makes new rules

FCA’s latest Handbook Notice confirms changes to:

• FEES to ensure the life and pensions intermediation class can still benefit from support from the retail pool
• SUP to align the Financial Crime Annual Return to the MLRs and PEP guidance. The changes seek to make the terminology in the various measures consistent and guard against firms reporting non-high risk relationships
• COBS, SUP and PERG to clarify when information or regulated advice falls short of being a personal recommendation.