SM&CR: FCA to consult on proposals to make information available on a wider range of individuals at authorised firms
Under SM&CR proposals, only Senior Managers will appear on the FS Register; CF10As for Core and Limited Scope firms, CF28s, CF29s, and CF30s would not appear. FCA will consult on maintaining a central public record of these important individuals in FCA-regulated firms.
In The Clouds
The FCA publishes Guidance Consultation GC 15/6 “Proposed guidance for firms outsourcing to the ‘cloud’ and other third-party IT services”
Extension of Senior Managers Regime and Certification Regime
Government considers it appropriate to extend the Senior Managers Regime (SMR) and the Certification Regime (CR) to all financial firms
Regulatory References
Consultation Paper CP15/31 proposes the introduction of new SYSC Chapter 22 ‘Regulatory References’
Quarterly Consultation
FCA’s Quarterly Consultation CP15/28 proposes amendments to the Handbook
Client Money and Custody Rules
FCA completes CASS compliance review of 24 firms
Investment and Corporate Banking Study
FCA issues market study Terms of Reference
Fixed Overheads Calculation
Delegated Regulation comes into force
Bank of New York Custody Enforcement Action
FCA takes enforcement action for Custody Failings
CASS changes
Second phase of changes to the CASS regime come into effect