Regulatory AlertsCP13/3: Quarterly Consultation Paper No.1
The Financial Conduct Authority proposes miscellaneous amendments to its Handbook to align claims handling rules with the Consumer Insurance Act and update mortgage advice perimeter guidance. The document also seeks to correct the definition of platform service, update training qualifications, and make consequential changes to decision and enforcement manuals. This consultation regarding these regulatory adjustments is now closed.
In this Quarterly Consultation Paper (QCP) we are consulting on miscellaneous amendments to our Handbook.
Why are we issuing this consultation paper?
In this QCP we propose to:
align the claims handling rules with the Consumer Insurance (Disclosure and Representations) Act 2012
amend the Perimeter Guidance Manual on mortgage advice, the professional standards requirements and a new provision for pipeline applications under the Mortgage Market Review
correct the definition of ‘platform service’ and consult on an updated compatibility statement to reflect the FCA’s objectives
update the appropriate qualifications list in the Training and Competence sourcebook (TC)
make consequential amendments to the Decision Procedure and Penalties Manual (DEPP) and the Enforcement Guide (EG) arising from the proposed AIFMUKR.
Who is this CP aimed at?
This will be relevant to you if your firm has an interest in any of the subjects mentioned above.
Consultation paper
CP13/3
What are the next steps?
This consultation is closed.
Want to find out more?
For more information:
view the FCA Handbook .
: Information changed next steps updated as consultation previously closed and link fixed
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