FCA publishes quarterly consultation

The FCA has published its regular quarterly consultation on miscellaneous amendments to its Handbook.

The proposed amendments include:

• Re-alignment of the disclosure requirements in BCOBS 4.3.4R(2) for non-ring-fenced bodies with the geographic scope of core deposits which must be ring-fenced, following changes to legislation;
• Ensuring that FSCS electronic assignments are compatible with Scots law;
• Amending UKLR 11.5.5R (relevant related party transactions) to include a requirement from the old listing rules had the effect of requiring the company to exclude the related party and their associates from voting on the shareholder resolution on the transaction; and
• Amending DISP to clarify the eligibility of complaints made against firms where the complainant:
  • has an indirect relationship with the firm; and
  • is a beneficiary or a person with a beneficial interest in a pension scheme.

The majority of the consultation closes on 14 April 2025. For comments on the amendments to DISP, the consultation is open until 5 May 2025.