Corporate Insurance Regulatory Update - July 2011

FSA Policy Documents

CP11/11: Quarterly Consultation Paper No. 29

6 June 2011

CP11/11 consults on various proposed changes to the Handbook including:

• A new rule confirming that common platform firms conducting investment services and activities from a branch in another EEA state must comply with the host state's requirements under Article 13(2) of the Markets in Financial Instruments Directive in the Senior Management Arrangements, Systems and Controls sourcebook (SYSC) (Chapter 2);
• The addition of appropriate qualifications for individual advisers and the addition of bodies to the list of accredited body status (Chapter 3);
• Small changes to liquidity reporting requirements (Chapter 4);