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Published date: 8 December 2016

FCA 2016/74 - Recovery and Resolution Directive (Amendment) Instrument 2016

Powers exercised 

A. The Financial Conduct Authority makes this instrument in the exercise of the following powers and related provisions in the following sections of the Financial Services and Markets Act 2000 (“the Act”):

(1) section 137A (The FCA’s general rules);

(2) section 137T (General supplementary powers);

(3) section 139A (Power of the FCA to give guidance); and 

(4) section 192J (Rules requiring provision of information by parent undertakings).

B. The rule-making powers listed above are specified for the purpose of section 138G(2) (Rule-making instruments) of the Act.

Commencement

C. This instrument comes into force on 9 December 2016.

Amendments to the Handbook

D. The Prudential sourcebook for Investment Firms (IFPRU) is amended in accordance with the Annex to this instrument.

Notes

E. In the Annex to this instrument, the “notes” (indicated by “Note:”) are included for the convenience of readers but do not form part of the legislative text.

Citation 

F. Thi

Comparing proposed amendment...
Annex - Amendments to the Prudential sourcebook for Investment Firms (IFPRU)