Handbook Notice 79
Handbook Notice 79 - Better Regulation Ltd
Handbook Notice 79 - Better Regulation Ltd
- No tags were found...
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
2.28 Following consultation in Chapter 5 of CP08/1 4 the Board has removed from the<br />
<strong>Handbook</strong> two ‘controlled functions’ which the FSA believe are no longer<br />
appropriate. These controlled functions relate to individuals who have responsibility<br />
for EEA Investment Business Oversight and Compliance Oversight of non-MiFID<br />
business carried out by incoming EEA firms (including credit institutions).<br />
2.29 The changes come into force on 6 August 2008. Feedback on this consultation is set<br />
out at Chapter 4 of this <strong>Notice</strong>.<br />
REDRESS<br />
Dispute Resolution: Complaints sourcebook (DISP)<br />
<strong>Handbook</strong> Administration (No 10) Instrument 2008 (FSA 2008/33)<br />
2.30 For the changes made to DISP by this instrument, see paragraphs 2.2 to 2.5 of<br />
this <strong>Notice</strong>.<br />
Compensation sourcebook (COMP)<br />
<strong>Handbook</strong> Administration (No 10) Instrument 2008 (FSA 2008/33)<br />
2.31 For the changes made to COMP by this instrument, see paragraphs 2.2 to 2.5 of<br />
this <strong>Notice</strong>.<br />
Compensation Sourcebook (Protected Contracts of Insurance) (Scope<br />
Amendment No 3) Instrument 2008 (FSA 2008/38)<br />
Changes:<br />
Changes to COMP 5.4.3R<br />
2.32 Following consultation in CP08/9 5 the Board has amended COMP to extend<br />
coverage of the Financial Services Compensation Scheme (FSCS) so that EEA risks<br />
written under long-term or general insurance policies issued through EEA branches<br />
of UK insurers are treated, as regards eligibility for FSCS, in the same way as UK<br />
risks written under such policies. Accordingly, all EEA risks written under these<br />
policies will fall within the scope of the FSCS, provided that the other conditions for<br />
protection are met.<br />
2.33 The changes come into force on 25 July 2008 and apply in the case of insurers<br />
declared in default on or after 25 July in respect of policies issued on or after<br />
1 December 2001 (‘N2’) when the FSCS was set up.<br />
2.34 Feedback on this consultation is being published in a separate Policy Statement.<br />
4 CP08/1 Quarterly consultation (No 15) (January 2008)<br />
5 CP08/9 Financial Services Compensation Scheme: EEA branches of UK insurers (May 2008)<br />
Financial Services Authority 13
Change language