FCA Quarterly Consultation No 48

The UK Financial Conduct Authority (FCA) has published quarterly consultation paper No 48, accompanied by a press release, inviting feedback on proposed amendments to its Handbook. Key proposals include:

• Amending guidance in SUP 6.4 to reflect legislative changes introduced in section 415AA of the Financial Services and Markets Act 2000 (FSMA); the deadline for comments is 14 July.
• Streamlining data reporting by decommissioning certain requirements, including changes to REP009 (consumer buy-to-let mortgage aggregated data) reporting frequency and removing nil return requirements for REP008 (notification of disciplinary actions relating to conduct rules staff other than SMF managers); the deadline for comments is 30 June.
• Lifting the retail ban on cryptoasset exchange traded notes admitted to trading on a UK recognised investment exchange and classifying them as restricted mass market investments; the deadline for comments is 7 July.
• Amending the UK EMIR reporting requirements to trade repositories; the deadline for comments is 30 June.
• Amending SUP 16 and DISP to move CCR007 Consumer Credit Return scheduling to calendar year reporting periods; the deadline for comments is 14 July.
• Reducing value assessment reporting requirements for authorised fund managers; the deadline for comments is 14 July.

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