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  • FSA: Handbook Notice 123/Instruments

    28/09/2012
    On 27 September 2012, the FSA Board made changes to the Handbook in instruments which adopt EBA Guidelines on Advance Measure... Approach (Advanced Measurement Approach (Guidelines) Instrument 2012/45
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  • OFT: Private motor insurance - decision to make a market investigation reference

    28/09/2012
    The OFT has referred the UK's private motor insurance market to CC for further investigation following a provisional referral in May... 2012 after a market study gave it reasonable grounds for suspecting that there are features of the market that prevent, restrict or distort competition. This provisionally found that the insurers of drivers responsible for an accident appear to have little control over the way repairs and replacement vehicles are provided to the 'not-at-fault' driver. This may enable the insurers of not-at-fault drivers, and others such as insurance brokers, credit hire organisations and repairers, to engage in practices which appear to result in the cost of replacement vehicles and vehicle repairs provided to not-at-fault drivers being higher than they might otherwise be. CC has up to two years to report its findings. If it finds that features of a market are harming competition, it has powers to impose remedies to address the situation.
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  • FSA: Handbook Notice 123/Instruments

    28/09/2012
    On 27 September 2012, the FSA Board made changes to the Handbook in instruments which amend Chapter 8 of LR (sponsors)... to ensure that the LR fully reflect the scope and nature of a sponsor’s role, and amend some existing rules so that they more clearly articulate a sponsor’s obligations (Listing Rules (Sponsors) (Amendment No 3) Instrument 2012/56
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  • FSA: Handbook Notice 123/Instruments

    28/09/2012
    On 27 September 2012, the FSA Board made changes to the Handbook in instruments which amend LR to prevent ‘back-door’ listings... of entities that would otherwise not be eligible for listing and consolidate the rules relating to reverse takeovers in one area (Chapter 5 of LR) (Listing Rules (Reverse Takeovers) Instrument 2012/53
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  • FSA: Handbook Notice 123/Instruments

    28/09/2012
    On 27 September 2012, the FSA Board made changes to the Handbook in instruments which amend Chapters 6 and 13 of... LR in relation to financial information requirements, in order to codify existing practice, much of which was contained in the UKLA Technical Notes, and clarify FSA’s approach where the rules were unclear or silent (Listing Rules (Financial Information) (Amendment) Instrument 2012/55
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  • FSA: Handbook Notice 123/Instruments

    28/09/2012
    On 27 September 2012, the FSA Board made changes to the Handbook in instruments which amend Chapter 5 of LR to... remove the requirement to obtain shareholder approval for a voluntary cancellation of listing in circumstances where a shareholder vote would not be appropriate (Listing Rules (Cancellation of Listing) (Amendment) Instrument 2012/51
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  • FSA: Handbook Notice 123/Instruments

    28/09/2012
    On 27 September 2012, the FSA Board made changes to the Handbook in instruments which implement changes to PR due to... the Prospectus Regulation being amended by the EC (Prospectus Regulation (Amendment No 2) Instrument 2012/57
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  • FSA: Complaints figures

    28/09/2012
    FSA has published the latest data showing complaints against financial firms and the most complained about financial products during the first... half of 2012. Between January and June 2012, the total volume of complaints to all financial services firms increased by 59% to 3,577,599. This is the highest number of complaints since FSA began reporting the data in 2006. PPI accounted for 62% of all complaints. Compared to the second half of 2011, specific PPI complaints increased by 129%. Credit cards saw the second highest increase in consumers complaining, growing by 33% in the first half of 2012. Banking complaints increased by 5% to 828,040. Complaints about current accounts and endowments fell by 13% and 2%, respectively.
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  • FSA: Handbook Notice 123/Instruments

    28/09/2012
    On 27 September 2012, the FSA Board made changes to the Handbook in instruments which modify the arrangements in Chapter 8... of LR for the submission of a sponsor’s annual confirmation and change the form of confirmation (Listing Rules (Sponsors) (Amendment No 2) Instrument 2012/50
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  • FSA: Handbook Notice 123/Instruments

    28/09/2012
    On 27 September 2012, the FSA Board made changes to the Handbook in instruments which make minor administrative corrections to the... Handbook, none of which represents any change in FSA policy (Handbook Administration (No 27) Instrument 2012/44
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