The UK Financial Conduct Authority (FCA) has published its quarterly consultation paper No 50 inviting feedback on proposed amendments to its Handbook across reporting, fees, primary markets rules, the new Public Offers and Admissions to Trading Regulations (POATRs) framework and authorised fund concentration rules.
Key proposals include:
- Decommissioning three general insurance pricing practices returns (REP021a, REP021b and REP021d) and reducing the frequency of the baseline financial resilience report (FIN073) from quarterly to annually for firms that also submit RMA‑A and have GBP 150 million or less annual regulated revenue, while retaining quarterly submission for larger firms and those not submitting RMA‑A.
- Cutting the administrative fee for late regulatory returns from GBP250 to GBP100 and making minor clarifications to SUP reporting provisions.
- Further simplifying listing application processes under UKLR 20 by removing certain ancillary information requirements (the "two‑day" document requirements), consolidating and streamlining procedural content and removing prospectus‑related confirmations from the listing application itself. The proposals also include clarificatory amendments to other aspects of the UKLR in response to earlier stakeholder feedback along with certain consequential changes.
- Making technical corrections and clarifications to ensure consistency and to support implementation of the POATRs regime.
- Extending the transitional period for the recently amended UCITS concentration rule COLL 5.2.29R(3) by one year to 31 January 2027, pending a separate consultation to simplify the rule. This follows feedback that the current formulation could lead to operational issues and potential fund wind‑downs absent further changes.
The deadline for comments is 19 January 2026, except for feedback on extending the transitional period for the COLL 5.2.29R(3) for which the deadline is 22 December.
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