FIN.

FCA makes new rules

In addition to the new IFPR rules covered in a separate post, FCA has made:

  • changes to COBS, effective from 4 October, on assessing value for money in workplace pension schemes; and the role of IGCs in challenging providers;
  • changes to SUP 16, updating references to LIBOR in reporting forms, effective from 1 January 2022, and
  • an instrument addressing technical standards on derivatives reporting under MiFIR to ensure the derivatives trading obligation remains appropriately calibrated in light of benchmark reform. The instrument is effective from 20 December.

Emma Radmore