Weekly Financial Services Regulatory Update - Week To 30.11.12

This weekly update from Clyde & Co's Financial Services Regulatory Team summarises new developments as reported by the FSA, the UKLA, the Upper Tribunal, the Financial Ombudsman Service and the London Stock Exchange over the past week, with links to the full documents where these are available.

We hope that you will find this update useful.

Consultation papers:

29 November: Regulatory reform FCA Handbook: FSA consults on FCA supervision and threshold conditions, and statement on FCA's new power of direction over qualifying parent undertakings.

The FSA has published a consultation paper (CP12/34) on updates to the FCA Handbook. The proposals set out:

• The FCA's new supervisory model in a revised version of chapter 1 of the Supervision Manual (SUP)