FCA and PRA Publish Guide to New Handbooks

The Financial Conduct Authority and the Prudential Regulatory Authority, the successor bodies to the FSA which will take charge of UK financial services regulation as of April 1, 2013, have published a guide to their new Handbooks.

The Handbooks will contain the legislative and other provisions made under powers given to the two new bodies by the Financial Services and Markets Act 2000, as amended, in particular, by the Financial Services Act 2012. Most of the provisions currently contained in the FSA Handbook will be incorporated into the FCA Handbook, the PRA Handbook or both.