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nid 92889
Jun 02, 2026
csoo@vixio.com
United Kingdom
Financial Conduct Authority
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1636 charsUnited Kingdom Financial Conduct Authority Publishes Non-Legal Corrections and Clarifications to Handbook
On May 2026, the Financial Conduct Authority (FCA) published a document listing minor corrections and clarifications made to the FCA Handbook. The FCA said these changes have no legal effect and do not represent any change in policy. The document includes administrative amendments across multiple handbook chapters, with changes effective on specified dates throughout 2026.
The corrections address technical and formatting issues across several regulatory areas. Changes to the Recognition Requirements Regulations (REC) effective January 19, 2026, clarify provisions relating to regulated markets and replicate UK law implementing EU directives on prospectuses and transparency requirements. Administrative changes to the Dispute Resolution (DISP) chapter effective March 26, 2026, update complaint compensation thresholds, increasing the threshold from £200,000 to £445,000 for complaints referred on or after April 1, 2026. The Consumer Redress (CONRED) chapter received substantial clarifications effective March 31, 2026, reformatting record-keeping and notification requirements for the motor finance consumer redress scheme covering both 2014-2024 and 2007-2014 scheme periods. These amendments detail documentation requirements, retention periods, and reporting obligations for lenders and credit brokers involved in the scheme. Additional corrections to the Senior Management Regime (SYSC) chapter effective May 1, 2026, and to the Conduct of Business (COBS) chapter effective May 29, 2026, address table formatting and typographical errors. The FCA invited feedback on the corrections list via handbook.feedback@fca.org.uk.
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1636 charsUnited Kingdom Financial Conduct Authority Publishes Non-Legal Corrections and Clarifications to Handbook
On May 2026, the Financial Conduct Authority (FCA) published a document listing minor corrections and clarifications made to the FCA Handbook. The FCA said these changes have no legal effect and do not represent any change in policy. The document includes administrative amendments across multiple handbook chapters, with changes effective on specified dates throughout 2026.
The corrections address technical and formatting issues across several regulatory areas. Changes to the Recognition Requirements Regulations (REC) effective January 19, 2026, clarify provisions relating to regulated markets and replicate UK law implementing EU directives on prospectuses and transparency requirements. Administrative changes to the Dispute Resolution (DISP) chapter effective March 26, 2026, update complaint compensation thresholds, increasing the threshold from £200,000 to £445,000 for complaints referred on or after April 1, 2026. The Consumer Redress (CONRED) chapter received substantial clarifications effective March 31, 2026, reformatting record-keeping and notification requirements for the motor finance consumer redress scheme covering both 2014-2024 and 2007-2014 scheme periods. These amendments detail documentation requirements, retention periods, and reporting obligations for lenders and credit brokers involved in the scheme. Additional corrections to the Senior Management Regime (SYSC) chapter effective May 1, 2026, and to the Conduct of Business (COBS) chapter effective May 29, 2026, address table formatting and typographical errors. The FCA invited feedback on the corrections list via handbook.feedback@fca.org.uk.