Financial Services Authority Consultation Paper 11/27: Quarterly consultation paper no. 31

In CP 11/27 the Financial Services Authority ("FSA") invites comments on miscellaneous amendments to the FSA Handbook. It proposes amendments: to clarify the liquidity rules by confirming the policy intention of the Prudential sourcebook for Banks, Building Societies and Investment Firms rules; to implement the Department of Work and Pensions’ changes that will abolish the option to contract out of the state second pension; to the form and scope of directors’ certificates and reports by auditors for employer’s liability registers and qualifying tracing office databases; to the information disclosure requirements in the Insurance: Conduct of Business sourcebook as a result of the implementation of Solvency II; to guidance in the Code of Market Conduct; to improve the clarity of the reporting requirements and to facilitate better data quality; to allow a non-UCITS retail scheme that is subject to investment powers and borrowing limits to act as a feeder fund; and to the qualification standards that advisers have to meet as part of the Retail Distribution Review.

Originally Published: 
06/12/2011