2.1 We received 5 substantive responses to CP18/4, mainly from industry bodies.
2.2 This chapter summarises the feedback and sets out our response, including where we consider that changes to our original proposals are necessary.
2.3 The key changes we have made to the draft Handbook instrument respond to suggestions that our original proposals would go beyond what was necessary to ensure consistency between the Handbook and the MMF Regulation, and would create unnecessary burdens or restrictions. Despite these changes we consider that the compatibility statement and cost-benefit analysis set out in CP18/4 remain valid.
Overall approach to amending the Handbook in the light of the MMF Regulation coming into force
2.4 We set out in CP18/4 detailed amendments to the COLL section of the Handbook. These were limited to changes that we saw as necessary to align the Handbook with the MMF Regulation and provide legal certainty for MMFs and their customers.
2.5 We asked:
Q1: Do you agree with
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