FCA Handbook—introduction for the insurance and reinsurance sector

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Practice notes

FCA Handbook—introduction for the insurance and reinsurance sector

Published by a ��Ӱ�� Insurance & Reinsurance expert

Practice notes

On 1 April 2013, the financial services authority (FSA) Handbook was split between the financial conduct authority (FCA) and the Prudential Regulation authority (PRA) to form two handbooks, one for the PRA and one for the FCA. Most provisions in the FSA Handbook were incorporated into the PRA’s Handbook (replaced by the PRA Rulebook on 29 August 2015—so named because, unlike the FCA, the PRA does not usually issue guidance), the FCA’s Handbook, or both, in line with each regulator’s set of responsibilities and objectives. Other provisions were deleted.

While the fca handbook ‘designates’ or ‘adopts’ provisions formerly found in the FSA Handbook, substantive changes were made to reflect the FCA’s role and powers. This includes such aspects as the processes for applying for authorisation, controlled functions, threshold conditions and enforcement powers.

The FCA Handbook does not include the PRA's rules. The PRA Rulebook can be accessed here. For further information on the PRA Rulebook, see Practice Note: PRA Rulebook—introduction for the insurance and reinsurance sector.

How FCA Handbook provisions should be interpreted

The

Jurisdiction(s):

United Kingdom

Key definition:

FCA Handbook definition

What does FCA Handbook mean?

A publication by the fca which sets out the rules and guidance made by the FCA under powers given to it in fsma 2000. The FCA Handbook is divided up into different guides and sourcebooks including the Listing Rules, the Prospectus Regulation Rules and the Disclosure Guidance and Transparency Rules.

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