On 8 July 2024, the Financial Conduct Authority (FCA) published Quarterly Consultation Paper No. 44 (CP24/11), on proposed miscellaneous amendments to the Handbook.
Topics being consulted on this quarter include:
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The introduction of criminal background checks on owners and controllers at the Authorisations gateway.
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Changes to SUP 11.3.1BG and the deletion of SUP Annex 6G, following the FCA’s recent consultation on proposed non-Handbook guidance for the prudential assessment of acquisitions and increases in control.
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Changes reflecting amendments made by HM Treasury to the UK MiFID delegated regulation in the Handbook.
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Deleting COLL 5.2.30R(1)(c) so that the provisions in COLL 5.2.29R apply at the sub-fund level of an umbrella collective investment scheme (CIS) investing in units of other CIS.
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Clarification that the 25% limit set out in COLL 5.2.29R(3) must be applied at the level of the individual sub-funds of an umbrella CIS when its units are held by another CIS.
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Remov