FCA publishes Handbook updates including IDD instrument

The FCA has published Handbook Notice No. 55, setting out:

  • the Financial Services Compensation Scheme
    (Funding Review) Instrument 2018,
  • the Handbook Administration (Data Protection) Instrument 2018,
  • the Insurance Distribution Directive Instrument 2018, and
  • the Supervision Manual (Reporting No 8) Instrument 2018.

The Data Protection Instrument sets out administrative changes arising from the implementation of GDPR, which due to their nature were not previously consulted upon. The changes take effect from 25 May 2018.

The IDD Instrument contains those rulebook changes that were previously, and extensively consulted upon in CP17/7. CP17/23, CP17/32, CP17/33 and CP17/39, including changes to the Perimeter Guidance manual and the Enforcement Guide. The majority of the changes take effect from 1 October 2018.