FCA makes new rules

FCA (in one case together with FOS) has made several instruments amending the Handbook. Changes include:

  • changes to FEES (from 1 April) to ensure better mapping of tariff data and that Directive and non-Directive insurers are treated consistently. Further change creates a new fee-block for consumer credit lending as a mechanism for collecting the levy for debt advice funding, and ensure FSCS is adequately funded;
  • changes to COLL (partly from 1 April 2019 and partly from 30 September 2019) to implement changes to governance arrangements for authorised fund managers following the findings of the asset management market study;
  • changes to a number of parts of the Handbook from 1 July to reflect the fact FCA is moving