FCA publishes quarterly consultation

FCA’s latest quarterly consultation proposes the usual minor miscellaneous changes to its Handbook, including;

• changes to the appointed representatives appointment firm: the changes are spurred on by IDD changes but generally require firms to make a statement that they have complied with their regulatory obligations as principal;
• the COBS rules for insurance distribution to ensure firms selling IBIPs can sell them without applying the appropriateness requirement only where the IBIP is non-complex;
• changes to fees relating to fees for newly authorised firms and insurers’ fees and levies (the latter in line with PRA initiatives);
• BCOBS 7 because on reflection the rules covering detail about payment account services do not meet FCA’s policy objectives ; and
• DEPP and EG following implementation of the MMF Regulation and changes to the EuSEF and EuVECA Regulations.

Comments are due by 31 July.