Regulatory AlertsCP24/11: Quarterly Consultation Paper No. 44
The Financial Conduct Authority proposes introducing mandatory criminal background checks for owners and controllers at the authorisation gateway to enhance market integrity and consumer protection. The regulator also seeks comments on amendments to the Handbook regarding prudential assessments of control changes, retail conduct rules, UCITS concentration limits, and the removal of expired EU provisions. Additionally, the paper outlines consequential updates to credit rating agency regulations and transitional transparency regimes to align with recent legislative changes.
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