Featured Product

    FCA Publishes CP18/6 on Proposed Amendments to the FCA Handbook

    March 02, 2018

    FCA published the quarterly consultation paper CP18/6 on miscellaneous amendments proposed to the FCA Handbook. Comments are requested by April 03, 2018 for Chapter 2 and Chapter 4 of CP18/6, by April 13, 2018 for Chapter 5, and by May 03, 2018 for Chapter 3 of CP18/6.

    FCA proposed the following changes:

    • Changes to Prudential sourcebook for Investment Firms, IFPRU, 3.2 to ensure consistency of application and align with existing rules in IFPRU 11.6 (Chapter 2)
    • Changes to IFPRU 11.5 to promote clarity for firms and groups within the scope of IFPRU 11 and ensure continued compliance with the Recovery and Resolution Directive (Chapter 2)
    • Proposed transitional provision for the large exposures treatment of certain public sector exposures denominated in the domestic currency of any Member State under Regulation (EU) 2017/2395 (Chapter 2)
    • Changes to regulatory reporting requirements in the Supervision manual (Chapter 3)
    • Changes to FCA address in the Handbook in line with the upcoming move to Stratford (Chapter 2)
    • Changes to Supervision manual to implement the EBA Guidelines on payment services under the revised Payment Services Directive (PSD2) and to implement the requirements of Regulation 98 of the Payment Services Regulations 2017 (Chapter 5)
    • Amendments to Approach Document on “Payment Services and Electronic Money – Our Approach, the FCA’s role under the Payment Services Regulations 2017 and the Electronic Money Regulations 2011” (Chapter 5)


    Related Links

    Comment Due Date: April 03, 2018 (Chapters 2 and 4); April 13, 2018 (Chapter 5); and May 03, 2018 (Chapter 3)

    Keywords: Europe, UK, Banking, Recovery and Resolution Directive, PSD2, Handbook, CRD IV, FCA

    Related Articles
    News

    MAS Amends Notice 610 on Reporting Templates for Banks in Singapore

    MAS published amendments to Notices 610 and 1003 related to submission of statistics and returns, along with the reporting templates and frequently asked questions (FAQs) associated with these Notices.

    January 24, 2020 WebPage Regulatory News
    News

    HKMA Updates Policy Module on Supervisory Review Process

    HKMA is issuing, by notice in the Gazette, revised versions of two Supervisory Policy Manual modules as statutory guidelines under section 7(3) of the Banking Ordinance. The Supervisory Policy Manual modules are CA-G-5 on “Supervisory Review Process” and SB-2 on “Leveraged Foreign Exchange Trading.”

    January 24, 2020 WebPage Regulatory News
    News

    PRA Amends Pillar 2 Capital Framework for Banks

    PRA published the policy statement PS2/20 that contains the final amendments to the Pillar 2 framework and provides feedback to responses to the consultation paper CP5/19 on updates related to Pillar 2 capital framework.

    January 23, 2020 WebPage Regulatory News
    News

    BIS Survey Examines Progress of Central Banks Toward Digital Currency

    BIS published a paper that presents the results of a survey that asked central banks how their plans are developing in the area of central bank digital currency (CBDC).

    January 23, 2020 WebPage Regulatory News
    News

    FED Proposes to Revise Information Collection Under Market Risk Rule

    FED proposed to revise and extend, for three years, FR 4201, which is the information collection under the market risk capital rule.

    January 22, 2020 WebPage Regulatory News
    News

    HKMA Consults on Stay Rules on Financial Contracts Under FIRO

    HKMA published proposals for making rules related to contractual stays on termination rights in financial contracts for authorized institutions under FIRO or the Financial Institutions (Resolution) Ordinance (Cap. 628).

    January 22, 2020 WebPage Regulatory News
    News

    MAS Amends Notices on Minimum Liquid Asset Requirements for Banks

    MAS published amendments to Notices 1015, 613, and 649 related to the minimum liquid assets (MLA) requirements.

    January 21, 2020 WebPage Regulatory News
    News

    APRA Publishes Submission on Fintech and Regtech

    APRA published its submission, to the Senate Select Committee, on financial technology and regulatory technology.

    January 21, 2020 WebPage Regulatory News
    News

    OSFI to Implement Operational Risk Capital Rules for Banks in Q1 2022

    OSFI decided to move domestic implementation of the revised Basel III operational risk capital requirements from the first quarter of 2021 to the first quarter of 2022.

    January 20, 2020 WebPage Regulatory News
    News

    ECB Consults on Guideline on Threshold for Credit Obligations Past Due

    ECB published a draft guideline, along with the frequently asked questions (FAQs), on the definition of the materiality threshold for credit obligations past due for less significant institutions.

    January 20, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 4541