| Link(s): | CP26/32: Quarterly consultation paper No. 53 | FCA CP26/32: Quarterly consultation paper No. 53 |
Context
The FCA has published Quarterly Consultation Paper no. 53, CP26/32. Once a quarter, the FCA consults on proposed miscellaneous amendments to its Handbook. These tend to be minor changes, but the FCA welcomes feedback on its proposals. There is only one update of interest to the insurance distribution sector, one of interest to the claims management sector, but none of interest to the consumer credit or funeral planning sectors.
Key points to note and next actions
The proposals of interest are:
- To remove data point DISP 1.10.1I R (2) (a), which is a data point on claims management fee cap redress erroneously duplicated in the Consumer Credit Reporting return (CCR).
- To remove reference to the 2-stage complaints process for the Society of Lloyd’s in DISP 1.11.8G.
The remaining proposals relate to banking and savings, investments, payments, e-money, and cryptoassets.