UK FCA quarterly consultation paper No. 52

The UK Financial Conduct Authority (FCA) has published quarterly consultation paper No. 52, inviting feedback on proposed amendments to its Handbook.

Proposed changes include:

• Simplifying product-level climate and sustainability disclosure requirements for asset managers, life insurers and pension providers, while maintaining the original policy intent under PS21/24.
• Aligning FCA fees to set regulated income as the tariff base for cryptoasset firms and inserting new fee categories to account for new regulated crypto activities.
• Consequential amendments to reflect the revocation of UK Capital Requirements Regulation provisions.
• Allowing certain authorised funds to hold cryptoasset exchange traded notes subject to a limit of 10% of scheme property.
• Deleting the requirement for approvers of qualifying cryptoasset financial promotions to submit notifications following certain approvals.
• Updating section M of the Retail Mediation Activities Return (RMA-M) and related guidance.

The deadline for comments is 13 July.

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