FCA makes minor rule changes

The FCA has published its latest Handbook Notice. It has made changes to several parts of the rulebook, but mainly minor changes. The changes include:

• Removing SUP 1A which no longer reflects the FCA’s approach to supervision;
• amendments relating to data reporting services forms, which take effect from 5 April;
• changes to FEES from 1 April which, among other things:
  • update how funeral plan providers are allocated to fee blocks;
  • change the way in which consumer credit firms using the proxy measure of income have their fee calculated;
  • account for changes introduced by the IFPR; and
  • adjust the way in which contributions to the FOS levy are calculated.
• updates to CRED with effect from 2 April to reflect newly permitted regulated activities; and
• updates to COBS4.12A and B from 2 April to give additional clarity on the scope of the ban on incentives for investing in high-risk investments.