The FCA has published Handbook Notice 139, which sets out a number of changes, most of which we’ve reported on elsewhere, including:
- As part of redress reforms, amends to clarify when firms should report emerging issues to the FCA, and to improve the operational efficiency of the FOS and FSCS by streamlining processes and reducing operational costs ultimately paid by levy-paying firms;
- Enhancements in relation to incident and third party risk management;
- Updates to PERG;
- Amendments to give effect to aspects of the Public Offers & Admissions to Trading regime;
- Changes to reflect new fee structures;
- Additions to DISP to extent the requirement to provide vulnerable customer complaints data to all firms from 1 January 2027;
- Reducing the administrative fee for late regulatory returns to align it more closely with FCA processing costs;
- Removing certain regulatory returns; and
- Removing parts of the COLL concentration rule that relate to UK UCITS schemes’ investment in units of other collective investment schemes.