| Link(s): | Handbook Notice 111 (fca.org.uk) |
Context
Handbook Notice 111 has been published, confirming a number of updates to the Handbook.
Key points to note
- SUP 16.30, and SUP 16 Annex 54G, have been updated to come into force on 1st January, introducing the new FIN073 financial resilience return, in particular confirming that all full permission consumer credit firms will be in scope (as consulted on in CP23/9). The Handbook Notice includes the FCA’s response (so in effect it’s Policy Statement) in relation to CP23/9.
- The FEES annexes have been updated following the confirmation by the FCA of the 2023/24 fees and levies.
- Following consultation in CP23/1, the FCA has made changes to introduce a new section of Guidance at ICOBS 2.7, which came into force alongside the Consumer Duty on 31st July. In summary, this changes the Handbook to reduce the impact of financial difficulties on customers, enable customers to maintain an appropriate level of insurance that they can afford, and reduce the risk of customers losing appropriate insurance cover that is important to them. Feedback was published in a separate policy statement.
Next actions None – for information and awareness.