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The Financial Conduct Authority (FCA) has published policy statement PS24/7: Implementing the Overseas Funds Regime (OFR), setting out the final rules and guidance necessary to implement the OFR and responding to feedback to consultation paper CP23/26. The gateway for eligible funds to apply for recognition under the OFR is scheduled to open in September 2024 for new schemes, and starting from October 2024 for funds currently in the temporary marketing permissions regime (TMPR).
NEWS
The Financial Conduct Authority (FCA) has published policy statement PS25/12, confirming final rules to strengthen the safeguarding regime for payment and e-money firms. These reforms follow consultation paper CP24/20 and aim to reduce shortfalls in customer funds and ensure faster, fuller returns if a firm fails. The FCA has also published draft amendments to ‘Payment Services and Electronic Money – Our Approach’, which will be updated to reflect the new regime. The new rules, along with the related amendments to the Approach Document, will come into force on 7 May 2026. The FCA notes that it will engage with industry throughout the nine-month implementation period to support compliance.
NEWS
The Financial Conduct Authority (FCA) has published Policy Statement PS24/19: Enhancing the National Storage Mechanism in which it summarises the feedback received to Consultation Paper CP24/17, its longer-term plans for the National Storage Mechanism (NSM) and its final rules and guidance, which will enable the FCA to make it easier for NSM users to find regulated information. The new rules will appear in the FCA Handbook on 3 November 2025, which is when they will come into force. The technical note guidance will take effect at the same time.
NEWS
The Financial Conduct Authority (FCA) has published the 47th edition of the Primary Market Bulletin (PMB). In this edition, the FCA outlines the recent developments following the UK Short Selling Regulations consultation and the key points arising from the government’s draft statutory instrument. It highlights that the government proposal for the FCA to retain emergency intervention powers on short selling requires further consultation. The bulletin also addresses the upcoming change to the notification threshold for the reporting of net short positions in shares to the FCA. The threshold will move from 0.1% to 0.2% of total issued share capital of an issuer, when the Short Selling (Notification Threshold) Regulations 2023 come into force on 5 February 2024. PMB 47 also discusses the findings of the Credit Rating Agency UK Market Share Report for 2022, highlighting that a 90% market share remains among the three global Credit Rating Agencies (CRA). The bulletin contains a reminder that issuers intending to appoint more than 1 CRA for the credit rating of the same issuance or entity should give consideration to appointing at least one CRA with no more than 10% of total market share.
NEWS
The Financial Conduct Authority (FCA) has published the 49th edition of the Primary Market Bulletin (PMB).
NEWS
The Financial Conduct Authority (FCA) has published the 50th edition of the Primary Market Bulletin (PMB).
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The Financial Conduct Authority (FCA) has published the 51st edition of the Primary Market Bulletin (PMB). In this edition, the FCA finalises the changes to a number of technical notes in the FCA Knowledge Base following the consultation in PMB 48 and the changes to the listing regime. In total, the FCA has made amendments to 21 technical notes, added one new technical note and deleted nine technical notes.
NEWS
The Financial Conduct Authority (FCA) has published Primary Market Bulletin 52. This issue covers issuers’ ability to identify and make public information that is inside information under the UK Market Abuse Regulation (MAR); the dissemination of information by issuers during shareholder calls and meetings; and the dissemination of regulatory information by issuers during interruptions to Primary Information Provider (PIP) services.
NEWS
The Financial Conduct Authority (FCA) has published guidance consultation GC25/1 with proposed amendments to the FCA’s Knowledge Base (eg the repository of non-handbook commentary that has the status of formal FCA guidance). The proposals concern technical and procedural notes in relation to the Listing Regime following implementation of the new UK Listing Rules (UKLR) which came into force in July 2024, in addition to proposed updates and clarifications to Technical Note 507.1 ‘Structured digital reporting for annual financial statements prepared in accordance with International Financial Reporting Standards’. Amendments are summarised in Primary Market Bulletin (PMB) No. 55. Comments are requested by 15 May 2025. The FCA has also published FG25/1 setting out changes to the Knowledge Base following its consultation in PMB 53.
NEWS
The Financial Conduct Authority (FCA) has published Primary Market Bulletin 59 (PMB 59).
NEWS
The Financial Conduct Authority (FCA) has published Primary Market Bulletin 60, which discusses the proposals set out in the October 2025 consultation paper CP25/29: Consultation Paper on changes to the UK short selling regime.
NEWS
The Financial Conduct Authority (FCA) has published Primary Market Bulletin 62 (PMB 62), which covers enforcement action relating to Carillion plc, concerns about potentially manipulative investment approaches, and findings from its review of sponsors’ work on the modified transfers process.