FCA makes new rules

At FCA’s latest board meeting, it made a number of Brexit-related instruments, including:

  • general amendments, including amendments to BTS to check they operate effectively in UK law;
  • SMCR and approved person-related amendments – effectively bringing together various previous instruments; and
  • a set of amendments relating to EMIR and securitisations.

It also made its instrument (separately reported in FIN) amending COBS to make permanent the ban on the marketing to retail investors of speculative illiquid securities.

Emma Radmore