Derivation and changes tables

This page contains an interactive version of the tables derivation and changes tables produced by the FCA in policy statements dealing with the repeal and replacement of retained EU law.

The FCA produces derivation and changes tables for consultations papers (CPs) and policy statements (PSs) dealing with the repeal and replacement of retained EU law (REUL). These tables set out how REUL has been repealed and replaced by Handbook rules and include details of the source REUL provisions, their destination in the Handbook (where applicable) and a description of how the Handbook rules differ from their source material. These tables are published in the relevant CPs and PSs.

The table below sets out interactive versions of the derivation and changes tables published by the FCA in policy statements. The tables reflect the status of REUL and Handbook provisions at the time the relevant policy statement was published and are not updated for any subsequent changes.

Derivation and changes tables
Glossary

Source Instrument	Source provision number	Handbook Reference	Subject matter	Comments
Commission Implementing Regulation (EU) 2017/1469	Article 1	Not transferred	Application	REUL revoked without restatement. ICOBS 1.1.1R and application for ICOBS 6 Annex 3 already covers this.
Commission Implementing Regulation (EU) 2017/1469	Article 1(1)	ICOBS 6 Annex 3 paragraph 2.4R	Insurance product information document (IPID) information requirements: Name and company logo of manufacturer	Transferred to FCA Handbook with handbook style-drafting changes
Commission Implementing Regulation (EU) 2017/1469	Article 1(2)	ICOBS 6 Annex 3 paragraph 2.5G	IPID information requirements: Name and company logo of manufacturer	Transferred to FCA Handbook with handbook style-drafting changes
Commission Implementing Regulation (EU) 2017/1469	Article 2	ICOBS 6 Annex 3 paragraph 2.6R	IPID information requirements: Reference to complete pre-contractual and contractual information	Transferred to FCA Handbook with handbook style-drafting changes
Commission Implementing Regulation (EU) 2017/1469	Article 3	ICOBS 6 Annex 3 paragraph 3.2R	IPID information requirements: How must the IPID be presented and formatted?	Transferred to FCA Handbook with handbook style-drafting changes
Commission Implementing Regulation (EU) 2017/1469	Article 4(1)	ICOBS 6 Annex 3 paragraph 3.3R and	IPID information requirements: Presentation and order of content	Transferred to FCA Handbook with handbook style-drafting changes
Commission Implementing Regulation (EU) 2017/1469	Article 4(2)	ICOBS 6 Annex 3 paragraphs 3.4G and 3.4AR	IPID information requirements: Presentation and order of content	Transferred to FCA Handbook with handbook style-drafting changes
Commission Implementing Regulation (EU) 2017/1469	Article 4(3)	ICOBS 6 Annex 3 paragraph 3.5G	IPID information requirements: Presentation and order of content	Transferred to FCA Handbook with handbook style-drafting changes
Commission Implementing Regulation (EU) 2017/1469	Article 4(4)	ICOBS 6 Annex 3 paragraph 3.6R	IPID information requirements: Presentation and order of content	Transferred to FCA Handbook with handbook style-drafting changes
Commission Implementing Regulation (EU) 2017/1469	Article 4(5)	ICOBS 6 Annex 3 paragraph 3.7R	IPID information requirements: Presentation and order of content	Transferred to FCA Handbook with handbook style-drafting changes
Commission Implementing Regulation (EU) 2017/1469	Article 5	ICOBS 6 Annex 3 paragraphs 3.8R and 3.8AG	IPID information requirements: Plain language	Transferred to FCA Handbook with handbook style-drafting changes
Commission Implementing Regulation (EU) 2017/1469	Article 6(1)	ICOBS 6 Annex 3 paragraph 3.9	IPID information requirements: Headings and information thereunder	Transferred to FCA Handbook with handbook style-drafting changes
Commission Implementing Regulation (EU) 2017/1469	Article 6(2)	ICOBS 6 Annex 3 paragraph 3.9AR	IPID information requirements: Headings and information thereunder	Transferred to FCA Handbook with no changes
Commission Implementing Regulation (EU) 2017/1469	Article 7(1)	ICOBS 6 Annex 3 paragraph 3.10R	IPID information requirements: Use of icons	Transferred to FCA Handbook with handbook style-drafting changes
Commission Implementing Regulation (EU) 2017/1469	Article 7(2)	ICOBS 6 Annex 3 3.11R	IPID information requirements: Use of icons	Transferred to FCA Handbook with handbook style-drafting changes
Commission Implementing Regulation (EU) 2017/1469	Article 7(3)	ICOBS 6 Annex 3 3.12G	IPID information requirements: Use of icons	Transferred to FCA Handbook with handbook style-drafting changes
Commission Implementing Regulation (EU) 2017/1469	Article 8	Not transferred	Entry into force of the Regulation	REUL revoked without restatement
Commission Implementing Regulation (EU) 2017/1469	Annex	ICOBS 6 Annex 3 paragraph 3.13R	IPID information requirements: Template for the standardised presentation format	Transferred to FCA Handbook with no changes
Commission Delegated Regulation (EU) 2017/2358	Article 1	Not transferred	Subject	REUL revoked without restatement
Commission Delegated Regulation (EU) 2017/2358	Article 2	Not transferred	Scope - application of regulation	Deleted. Not transferred as part of these changes as PROD application followed
Commission Delegated Regulation (EU) 2017/2358	Article 2A	Not transferred	Definitions	Deleted. Existing FCA glossary terms have been relied upon and rules cross references are included in particular rules
Commission Delegated Regulation (EU) 2017/2358	Article 3(1)	PROD 1.4.4R(1)	When an intermediary may be considered to be manufacturing	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 3(2)	PROD 1.4.4R(2)	When an intermediary may be considered to be manufacturing	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 3(3)	PROD 1.4.4R(3)	When an intermediary may be considered to be manufacturing	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 3(4)	PROD 4.2.13R	Need for written agreement where more than one manufacturer	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 4(1)	PROD 4.2.5R	Product approval process	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 4(2)	PROD 4.2.6R	Product approval process– written document	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 4(3)	PROD 4.2.8R	Product approval process – high level outcomes	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 4(4)	PROD 4.2.9R	Internal governance for Product approval process	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 4(5)	PROD 4.2.11R	Product approval process – responsibility when using third parties	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 4(6)	PROD 4.2.12R	Product approval process – review of process	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 5(1)	PROD 4.2.16R	Target market identification	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 5(2)	PROD 4.2.17R	Target market – identifying customers for whom product is not compatible	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 5(3)	PROD 4.2.18R	Insurance products compatibility with target market	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 5(4)	PROD 4.2.10R	Target market – knowledge and competence of staff	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 5(5)	Not transferred	Meaning on insurance-based investment product for target market	REUL revoked without restatement. Reliance on existing FCA Handbook Glossary terms
Commission Delegated Regulation (EU) 2017/2358	Article 5(6)	Not transferred	Meaning on insurance-based investment product for target market	REUL revoked without restatement. Reliance on existing FCA Handbook Glossary terms
Commission Delegated Regulation (EU) 2017/2358	Article 6(1)	PROD 4.2.22R	Product testing	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 6(2)	PROD 4.2.24R	Product testing	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 7(1)	PROD 4.2.35R.	Monitoring and review of insurance products	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 7(2)	PROD 4.2.36R	Monitoring and review – intervals for review	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 7(3)	PROD 4.2.37R	Monitoring and review – requirement to take mitigating action	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 8(1)	PROD 4.2.27R	Distribution channels – selecting appropriate channels	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 8(2)	PROD 4.2.30R	Distribution channels - information disclosure to distributors	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 8(3)	PROD 4.2.31R	Distribution channels – purpose of information disclosure to distributors	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 8(4)	PROD 4.2.38R	Distribution channels - Monitoring distribution	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 8(5)	PROD 4.2.39R	Distribution channels – remedial action	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 9	PROD 4.2.7R	Product approval process – record keeping	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 10(1) first sub-paragraph	PROD 4.3.5R	Product distribution arrangements for distributors	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 10(1) second sub-paragraph	PROD 4.3.14R	Product distribution arrangements – written document	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 10(2)	PROD 4.3.6R	Product distribution arrangements – high level outcomes	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 10(3)	PROD 4.3.7R	Product distribution arrangements – obtaining information from manufacturers	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 10(4)	PROD 4.3.8R	Product distribution arrangements – alignment of distribution strategies	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 10(5)	PROD 4.3.9R	Product distribution arrangements – internal governance	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 10(6)	PROD 4.3.10R	Product distribution arrangements – review of distribution arrangements	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 11	PROD 4.3.11R	Notifying manufacturer and amending distribution strategy	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 12	PROD 4.3.13R	Product distribution arrangements – record keeping	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2358	Article 12A	Not transferred	Directive functions transferred to the Treasury	REUL revoked without restatement
Commission Delegated Regulation (EU) 2017/2358	Article 12B	Not transferred	Directive functions for making technical standards regarding the IPID transferred to the Financial Conduct Authority (FCA).	Deleted. FSMA rule making powers relied upon FCA to make changes proposed here (and any changes in future)
Commission Delegated Regulation (EU) 2017/2358	Article 13	Not transferred	Entry into force and application	REUL revoked without restatement
Commission Delegated Regulation (EU) 2017/2359	Article 1	Not transferred	Scope - application of regulation	REUL revoked without restatement. Existing application of relevant COBS and SYSC chapters/ sections relied upon.
Commission Delegated Regulation (EU) 2017/2359	Article 2(1)	Not transferred	Definition of relevant person	REUL revoked without restatement. Already included in the FCA Handbook Glossary
Commission Delegated Regulation (EU) 2017/2359	Article 2(2)	COBS 2.3A.9AR(4)(a)	Assessment of inducements – definition of inducement	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 2(3)	COBS 2.3A.9AR(4)(b)	Assessment of inducements – definition of inducement scheme	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 2(4) – (7)	Not transferred	Definitions	REUL revoked without restatement. Already included in the FCA Handbook Glossary
Commission Delegated Regulation (EU) 2017/2359	Article 3(1)	SYSC 3.3.6R, SYSC 10.1A.2R(1) and 10.1A.2R(2)	Identification of conflicts of interest	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 3(2)	SYSC 3.3.7R and SYSC 10.1A.2R(3)	Identification of conflicts of interest	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 4(1)	SYSC 3.3.10R and SYSC 10.1A.3R	Conflicts policy - establishing, implementing and maintaining an effective policy	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 4(2)	SYSC 3.3.11R and SYSC 10.1A.4R	Conflicts policy - contents	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 5	SYSC 3.3.12R and SYSC 10.1A.5R	Conflicts policy – required procedures and measures	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 6	SYSC 3.3.14R and SYSC 10.1A.6R	Conflicts policy - Disclosure	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 7(1)	SYSC 3.3.15R and SYSC 10.1A.7R	Conflicts policy - Review of policy	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 7(2)	SYSC 3.3.16R and SYSC 10.1A.8R	Conflicts policy - Record keeping	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 8	COBS 2.3A.9AR	Assessment of inducements – assessment and meaning of detrimental impact	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 9(1)	COBS 9A.2.4AR(1)	Suitability assessment – determining extent of the information required	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 9(2)	COBS 9A.2.4AR(2)	Suitability assessment – obtaining information from customers	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 9(3)	COBS 9A.2.7AR	Suitability assessment – Obtaining information about financial situation	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 9(4)	COBS 9A.2.8AR	Suitability assessment – Obtaining information about investment objectives	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 9(5)	COBS 9A.2.13AR	Suitability assessment – Insufficient information	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 9(6)	COBS 9A.2.20AR	Suitability assessment – Unsuitability	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 9(7)	COBS 9A.2.18AR	Suitability assessment – Switching between underlying investment asset	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 10	COBS 9A.2.9AR	Suitability assessment – Reliability of information	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 11	COBS 9A.3.1AR	Suitability assessment – Explaining the reasons for assessing suitability	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 12	COBS 9A.2.24G	Suitability assessment – Automated or semi-automated systems	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 13	COBS 9A.2.15AR	Suitability assessment – Identifying the subject of assessment for group insurance	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 14(1) to (3)	COBS 9A.3.3AR	Suitability assessment – Providing a suitability report	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 14(4)	COBS 9A.3.10R	Suitability assessment – Periodic assessments	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 15	COBS 10A.2.3AR	Appropriateness assessment - Assessing a client’s knowledge and experience	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 16	COBS 10A.4.3R	Appropriateness assessment - non-complex insurance-based investment products	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 17(1)	COBS 9A.2.6AR	Suitability assessment - Obtaining information about knowledge and experience	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 17(1)	COBS 10A.2.4AR(1)	Appropriateness assessment - Obtaining information about knowledge and experience	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 17(2)	COBS 9A.2.11AR	Suitability assessment - - Discouraging the provision of information	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 17(2)	COBS 10A.2.5AR	Appropriateness assessment - Discouraging the provision of information	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 17(3)	COBS 9A.2.4AR(3)	Suitability assessment – information already held by the firm	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 17(3)	COBS 10A.2.4AR(2)	Appropriateness assessment - information already held by the firm	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 17(4)	COBS 9A.2.12AR	Suitability assessment – Reliance on information	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 17(4)	COBS 10A.2.6AR	Appropriateness assessment - Reliance on information	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 18	COBS 16A.4.2AR	Periodic report – content and frequency	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 19(1)	COBS 9A.4.3R	Suitability assessment - Retention of records	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 19(1)	COBS 10A.7.2AR	Appropriateness assessment - Retention of records	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 19(2)	COBS 9A.4.4R	Suitability assessment - Record-keeping obligations	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 19(3)	COBS 10A.7.2AR	Appropriateness assessment - Record-keeping	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 19(4)	SYSC 3.3.19R and SYSC 9.1.2CR.	Retention of conflicts records	Transferred to FCA Handbook with handbook style-drafting changes
Commission Delegated Regulation (EU) 2017/2359	Article 19A	Not transferred	Directive functions transferred to the Treasury	REUL revoked without restatement
Commission Delegated Regulation (EU) 2017/2359	Article 20	Not transferred	Entry into force and application	REUL revoked without restatement
Commission Delegated Regulation (EU) 2019/1935	Entire text	Not transferred	Makes amendments to the Insurance Distribution Directive ((EU) 2016/97). Adapting the base euro amounts for professional indemnity and for financial capacity of insurance and reinsurance intermediaries.	REUL revoked without restatement. Substantive provisions relating to minimum levels of PII cover already appear in MIPRU 3.2.7R and IPRU-INV 9.2.5R/ IPRU INV 13.1.10R[1].

Glossary and notes

The Insurance Distribution Directive table is published in our Policy Statement 23/18[1].

Source of provision	Handbook Reference	Subject matter	Policy change/ Handbook style drafting (HSD)/other comment
Art 2(7) UK SR	Glossary	Definition of ‘ABCP programme’	Transferred to SR 2024 with no changes. Cross-referred to in the FCA Handbook
Art 2(8) UK SR	Glossary	Definition of ‘ABCP transaction’	Transferred to SR 2024 with no changes.  Cross-referred to in the FCA Handbook
Glossary	Glossary	Definition of ‘client money’	Amendment to the FCA Handbook to add new paragraph 2D which applies to SECN
Glossary	Glossary	Definition of ‘client money rules’	Amendment to the FCA Handbook to clarify that paragraph 3 applies to SECN
Glossary	Glossary	Definition of ‘CRR firm’	Amendment to the FCA Handbook to add new paragraph 2 for the purposes of SECN which cross-references the definition in article 4(1)(2A) of UK CRR
Art 2(17) UK SR	Glossary	Definition of ‘early amortisation provision’	Transferred to the FCA Handbook with no changes
Reg 2(1) of SI 2018/1288	Glossary	Definition of ‘established in the United Kingdom’	Transferred to SR 2024 with policy changes made by HMT – please refer to paragraph 6.1 of CP23/17 for more details. Cross-referred to in the FCA Handboo k
N/A	Glossary	Definition of ‘FCA investment firm’	This is a new definition added to the FCA Handbook cross-references definition from UK CRR
Art 2(18) UK SR	Glossary	Definition of ‘First loss tranche’	Transferred to the FCA Handbook with no changes
Art 2(21) UK SR	Glossary	Definition of ‘Fully supported ABCP programme’	Transferred to the FCA Handbook with no changes
Art 2(22) UK SR	Glossary	Definition of ‘Fully supported ABCP transaction’	Transferred to the FCA Handbook with no changes
Art 2(12) UK SR	Glossary	Definition of ‘Institutional investor’	Transferred to SR 2024  with policy changes made by HMT – please refer to 4.7 of The Securitisation Regulations 2023 Policy Note for more details
Art 2(11) UK SR	Glossary	Definition of ‘Investor’	Transferred to SR 2024 with minor drafting changes made by HMT. No policy change intended.  Cross-referred to in the FCA Handbook
Art 2(14) UK SR	Glossary	Definition of ‘Liquidity facility’	Transferred to the FCA Handbook with no changes
Glossary	Glossary	Definition of ‘mixed financial holding company’	Amendment to the FCA Handbook to clarify that paragraph 1 excludes SECN and new paragraph 2 applies to SECN.   Paragraph 2 cross-references the definition in regulation 1(2) of the Financial Conglomerates and Other Financial Groups Regulations 2004
Glossary	Glossary	Definition of ‘network’	Amendment to the FCA Handbook to clarify that paragraph 1 excludes SECN and new paragraph 2 inserts a new definition applicable to SECN
N/A	Glossary	Definition of ‘Non-performing exposure’	New definition added to the FCA Handbook which cross-refers to the definition from the UK CRR
N/A	Glossary	Definition of ‘NPE’	This is a new definition added to the FCA Handbook
Regulation (EU) 2021/557	Glossary	Definition of ‘Non-refundable purchase price discount’	This is a new definition added to the FCA Handbook. Note: this is not a transfer of assimilated law, but a provision of post-IPCD material that is being adopted.
Regulation (EU) 2021/557	Glossary	Definition of ‘NPE securitisations’	This is a new definition added to the FCA Handbook. Note: this is not a transfer of assimilated law, but a provision of post-IPCD material that is being adopted.
Art 2(12)(c) UK SR	Glossary	Definition of ‘occupational pension scheme’	Amendment to the FCA Handbook to clarify that paragraph 1 excludes SECN and new paragraph 2 which cross-refers to SR 2024 applies to SECN.The UK SR definition was transferred to SR 2024 such that the concept of occupational pension scheme was separated from the fund manager of that scheme.
Art 2(20) UK SR	Glossary	Definition of ‘Original lender’	Transferred to SR 2024 with no changes. Cross-referred to in the FCA Handbook
Art 2(3) UK SR	Glossary	Definition of ‘originator’	The UK SR definition was transferred to SR 2024 with no changes. Amendment to FCA Handbook to clarify that: 1. new paragraph 1 which cross refers to SR 2024 excludes MIPRU;2. paragraph 2 applies to MIPRU; and     3. paragraph 3 is deleted
Glossary	Glossary	Definition of ‘over collateralisation’	Amendment to FCA Handbook to add new paragraph 2 which applies to SECN
Art 1(1) of Retained EU law version of Commission Delegated Regulation (EU) 2020/1224	Glossary	Definition of ‘Reporting entity’	This is a new definition added to the FCA Handbook
Art 2(4) UK SR	Glossary	Definition of ‘Resecuritisation’	Transferred to FCA Handbook with no changes
Glossary	Glossary	Definition of ‘retail client’	Amendment to FCA handbook to clarify that paragraph 1 applies to SECN
Art 2(15) UK SR	Glossary	Definition of ‘Revolving exposure’	Transferred to the FCA Handbook with no changes
Art 2(16) UK SR	Glossary	Definition of ‘Revolving securitisation’	Transferred to the FCA Handbook with no changes
N/A	Glossary	Definition of ‘SECN’	This is a new definition added to the FCA Handbook
Art 2(1) UK SR	Glossary	Definition of ‘securitisation’	The UK SR definition was transferred to SR 2024 with drafting changes. No policy change was intended.  Amendment to the FCA Handbook to clarify that:  1. in paragraph 1, the cross reference to paragraph 3 should be paragraph 4, and 2. paragraph 4 is amended to include SECN and to update the cross-reference to SR 2024
Art 2(19) UK SR	Glossary	Definition of ‘securitisation position’	The UK SR definition was transferred to SR 2024 with no changes. Amendment to FCA Handbook to clarify that:  1. paragraph 2 is deleted, and  2. new paragraph 3 is added which cross-refers to SR 2024
Glossary	Glossary	Definition of ‘Securitisation Regulations 2024’	This is a new definition added to the FCA Handbook
Art 2(23) UK SR	Glossary	Definition of ‘securitisation repository’	The UK SR definition was transferred to SR 2024 with minor drafting changes.  Amendment to the FCA Handbook to apply to SECN and cross-refer to SR 2024
Art 2(2) UK SR	Glossary	Definition of securitisation special purpose entity’	The UK SR definition was transferred to SR 2024 with no changes. Amendment to the FCA Handbook to add new paragraph 3 which cross-references to SR 2024
Art 2(13) UK SR	Glossary	Definition of ‘Servicer’	Transferred to the FCA Handbook with no changes
Art 2(5) UK SR	Glossary	Definition of ‘sponsor’	The UK SR definition was transferred SR 2024 with drafting changes. No policy change intended.Amendment to FCA Handbook to add paragraph 4 and cross-refer to SR 2024
N/A	Glossary	Definition of ‘SSPE’	This is a new definition added to the FCA Handbook
N/A	Glossary	Definition of ‘STS criteria’	This is a new definition in the FCA Handbook
Art 27(1) UK SR	Glossary	Definition of ‘STS notification’	Transferred to FCA Handbook from Art 27(1) UK SR with HSD changes – please refer to paragraph 6.6 of CP23/17 for more details
N/A	Glossary	Definition of ‘STS securitisation	This is a new definition in reg 3(1) of the Sec Reg 2024
Art 2(10) UK SR	Glossary	Definition of ‘synthetic securitisation’	Transferred to FCA Handbook with no changes
N/A	Glossary	Definition of ‘third party verifier’	This is a new definition in reg 3(1) of the Sec Reg 2024
Glossary	Glossary	Definition of ‘trade repository’	New definition added to SR 2024 . Amendment to the FCA Handbook to add new paragraph 2 to cross-refer SR 2024
Art 2(9) UK SR	Glossary	Definition of ‘traditional securitisation’	Amendment to the FCA Handbook to add new para 1 which transfers UK SR definition with no changes
Art 2(6) UK SR	Glossary	Definition of ‘tranche’	The UK SR definition was transferred to SR 2024 with no changes.  Amendment to the FCA Handbook to add new paragraph 3 to cross-refer to SR 2024
Art 2(A1) – Art 2(A10) UK SR	Not applicable	Various definitions	Not transferred
N/A	SECN 1.1.3R	GEN General Principles	Certain provisions of GEN in the FCA Handbook have been applied to SECN entities. This is to ensure that certain general provisions, for example, those dealing with the Handbook Glossary apply to SECN entities.
N/A	SECN 1.1.4G	GEN General Principles	Provision confirms that for authorised persons, GEN applies as usual
N/A	SECN 1.1.5R	PRIN Principles for Businesses	Policy change. Please refer to Chapter 6 – Consequential changes - of the PS for further details.
N/A	SECN 2.1.1G	Scope of application of the requirements for the STS securitisations	Policy change. Guidance added to clarify the scope of application. Please see Chapter 6 – Geographical scope – of the PS for further details.
Article 19 UK SR	SECN 2.2.1R	Requirements for a securitisation to be considered STS	Transferred to FCA Handbook with HSD changes.
Article 20 UK SR	SECN 2.2.2R to SECN 2.2.14R	Simplicity requirements	Transferred to FCA Handbook with HSD changes.
Article 21 UK SR	SECN 2.2.15R to SECN 2.2.24R	Standardisation requirements	Transferred to FCA Handbook with HSD changes.
Article 22 UK SR	SECN 2.2.25R to SECN 2.2.29R	Transparency requirements	Transferred to FCA Handbook with HSD changes.Policy change. Please refer to Chapter 4 – Due diligence – of the PS for further details. Introduction of the concept of ‘commitment to invest’ to accommodate for private securitisations where the concept of ‘pricing’ does not always apply.
Article 23 UK SR	SECN 2.3.1R	STS Criteria: Simple, transparent and standardised ABCP securitisation	Transferred to FCA Handbook with HSD changes.
Article 24 UK SR	SECN 2.3.2R to SECN 2.3.22R	Transaction-level requirements	Transferred to FCA Handbook with HSD changes.  Policy change. Please refer to Chapter 4 – Due diligence – of the PS for further details. Introduction of the concept of ‘commitment to invest’ to accommodate for private securitisations where ‘pricing’ does not always apply.
Article 25 UK SR	SECN 2.3.23R to SECN 2.3.29R	Sponsor of an ABCP programme	Transferred to FCA Handbook with HSD changes.
Article 26 UK SR	SECN 2.3.30R to SECN 2.3.37R	Programme-level requirements	Transferred to FCA Handbook with HSD changes.
Retained EU law version of Commission Delegated Regulation (EU) 2019/1851	SECN 2.4	STS criteria: Homogeneity of underlying exposures	Transferred to FCA Handbook with HSD changes.  Policy change. Please refer to Chapter 6 – Other measures - of the PS for further detail. This is to specify circumstances where loans to certain corporates can be treated as homogeneous with loans to individuals. Please refer to Chapter 6 of CP 23/17 for further policy clarifications.
Article 27 UK SR	SECN 2.5	STS notification	Transferred to FCA Handbook with HSD changes.  Additional clarification. Please refer to Chapter 6 of CP23/17 for further detail.
Article 27 UK SR	SECN 2.5.2 R(1)	STS notification	Conforming change to SR 2024. SR are registered by the FCA.
Article 27 UK SR	SECN 2.5.2 R(2)	STS notification	Policy change. Please refer to Chapter 6 – Use of an FCA registered TPV – of the PS. It clarifies that if a TPV is used, that TPV must be registered with the FCA.
Retained EU law version of Commission Delegated Regulation (EU) 2020/1226	SECN 2.6	Information to be included in the STS notification by the originator, sponsor and the SSPE	HSD and correction of the title which does not apply to the SSPE.
Retained EU law version of Commission Delegated Regulation (EU) 2020/1226	SECN 2.6.3G	Information to be included in the STS notification by the originator, sponsor and the SSPE	Policy change. This a clarification that references to ‘pricing’ in the STS notification must be read to also include ‘original commitment to invest’ to accommodate for private securitisations.
Retained EU law version of Commission Delegated Regulation (EU) 2020/1227	SECN 2.7	Templates for STS notifications	Transferred to FCA Handbook with no changes.
Article 3 UK SR	SECN 3	Selling securitisation positions to retail clients	Transferred to FCA Handbook with neither policy change nor any HSD amendments. We understand that market participants generally operate satisfactorily within the current provision, although we plan to keep the provision under review and may consider changes to it at a later stage. However, we have made currency adjustments: Please refer to Chapter 6 of CP23/17 for further detail.
Article 3 UK SR	SECN 3.1.1G	Selling securitisation positions to retail clients	Policy change. Please see Chapter 6 – Geographical scope – of the PS for further details.
Article 4 UK SR	N/A	Requirements for SSPEs	Transferred to SR 2024 with policy changes. Please see paragraph 5.5 of Explanatory Memorandum to the Securitisation (Amendment) Regulations 2024 for further details.
Article 5 UK SR	N/A	Due diligence requirements in relation to OPS	Transferred to the SR 2024 for occupational pensions schemes only. Please see paragraph 5.7 of Explanatory Memorandum to the Securitisation (Amendment) Regulations 2024 for further details.
Article 5 UK SR	SECN 4.1.1G	Scope of application of the due diligence requirements	Policy change. Please see Chapter 6 – Geographical scope – of the PS for further details.
Article 5(1) UK SR	SECN 4.2.1R	Due diligence requirements before holding a securitisation position	Transferred to FCA Handbook with policy change. Please refer to Chapter 4 – Due diligence - of the PS for further details. We specify the information that is required to be received by institutional investors when investing in both domestic and overseas securitisations.
Article 5(1) UK SR	SECN 4.2.1R Table lines 4, 6 and 7	Due diligence requirements before holding a securitisation position	Transferred to FCA Handbook with policy change. Please refer to Chapter 4 for further details. Introduction of the concept of ‘commitment to invest’ to accommodate for private securitisations where ‘pricing’ does not always apply.  And differentiation between primary and secondary market.
Article 5(1) UK SR	SECN 4.2.1R Table line 7	Due diligence requirements before holding a securitisation position	Policy change. Conforming change to SR 2024.  This cross refers to notifications by qualifying EU securitisations.
Article 5(3) UK SR	SECN 4.2.2R	Due diligence requirements before holding a securitisation position	Transferred to FCA Handbook. Conforming change to SR 2024.  This is to accommodate for overseas STS securitisations which is referred to in 4.2.2(1)(d).
Article 5(3) UK SR	SECN 4.2.3R	Due diligence requirements before holding a securitisation position	Transferred to FCA Handbook with policy change. See Chapter 4 – STS securitisation - of the PS for further details. Clarification that responsibility of institutional investors to comply with due diligence is not affected by the use of a TPV transferred from Article 27(2) paragraph 1 of the UK SR.
Article 5(2) UK SR	SECN 4.3	Requirements for sponsors to undertake due diligence	Transferred to FCA Handbook with HSD changes.
Article 5(4) UK SR	SECN 4.4	Due diligence requirements while holding a securitisation position	Transferred to FCA Handbook with HSD changes and changes highlighted below.
Article 5(4) UK SR	SECN 4.4.2R	Due diligence requirements while holding a securitisation position	Transferred to FCA Handbook with policy change. Please refer to Chapter 6 – Resecuritisation and waivers – of the PS for further details.
Article 5(5) UK SR	SECN 4.5	Institutional investor delegation	Transferred to FCA Handbook with policy change. Please refer to Chapter 4 – Delegation of due diligence requirement – of the PS for further details.
N/A	SECN 5.1.1G	Scope of application of the risk retention requirements	Policy change. Guidance added to clarify the scope of application. Please see Chapter 6 – Geographical scope – of the PS for further details.
Article 6(1) UK SR	SECN 5.2.1R-SECN 5.2.5R	Requirement to retain a material net economic interest of not less than 5%.	Transferred to FCA Handbook with no changes.
Article 6(2) UK SR	SECN 5.2.6R	Selection of assets	Transferred to FCA Handbook with no changes.
Recital 11, EU SR	5.2.7R	Selection of assets	Policy change. Included recital 11 of the EU SR to allow originators and sponsors to select assets which as a whole have a higher risk profile.
Article 6(3) UK SR	SECN 5.2.8 R(1)	List describing what qualifies as a retention of a material net economic interest of not less than 5%	Transferred to FCA Handbook with no changes.
N/A	SECN 5.2.8 R(2)	Calculation of the risk retention for NPE securitisations	Policy change.  See Chapter 5 of the CP and Chapter 5 – NPE securitisation – of the PS for further details.
Article 6(4) UK SR	SECN 5.2.9R	Risk retention requirements if originator or sponsor securitises exposures from one or more credit institutions, investment firms or other financial institutions included in scope of supervision on a consolidated basis	Transferred to FCA Handbook with no changes.
Article 6(5) UK SR	SECN 5.2.10R	Exception to risk retention requirement for securitised exposures which are guaranteed	Transferred to FCA Handbook with no changes.
Article 6(6) UK SR	SECN 5.2.11R	Exception to risk retention requirement for indexed transactions	Transferred to FCA Handbook with no changes.
Article 3(1) Commission Delegated Regulation (EU) 625/2014 (‘2014 Requirements’)	SECN 5.3.1R	Implications of requirement that retained material net economic interest must not be split amongst different types of retainers	Transferred to FCA Handbook with no changes.
Article 3(2) 2014 Requirements	SECN 5.3.2R	Pro rata risk retention if multiple originators fulfilling risk retention requirement	Transferred to FCA Handbook with no changes.
Article 3(3) 2014 Requirements	SECN 5.3.3R	Pro rata risk retention if multiple original lenders fulfilling risk retention requirement	Transferred to FCA Handbook with no changes.
Article 3(4) 2014 Requirements	SECN 5.3.4R	Conditions meaning the retention requirement may be fulfilled in full by a single originator or original lender	Transferred to FCA Handbook with no changes.
Article 5(5) 2014 Requirements	SECN 5.3.5R	Requirements if multiple sponsors fulfil the retention requirement	Transferred to FCA Handbook with no changes.
N/A	SECN 5.3.6R	Matters to consider when assessing whether an entity has been established or operates for the sole purpose of securitising exposures	Please refer to Chapter 5 - Sole purpose test - of the PS for the detail of the policy change.
Article 4 2014 Requirements	SECN 5.4.1R	Conditions to be met for a synthetic or contingent form of retention to be allowed	Transferred to FCA Handbook. Please refer to Chapter 5 - Exemption from cash collateralisation for synthetic/contingent form of retention - of the PS for the detail of the policy change .
Article 5 2014 Requirements	SECN 5.5.1R	Methods of complying with requirement to retain not less than 5 % of the nominal value of each of the tranches	Transferred to FCA Handbook with no changes.
Article 6 2014 Requirements	SECN 5.6.1R	When retention of originator’s interest of not less than 5% of the nominal value of each of the securitised exposures is considered fulfilled	Transferred to FCA Handbook with no changes.
Article 7 2014 Requirements	SECN 5.7.1R	Retention of randomly selected exposures equivalent to not less than 5% of the nominal value of the securitised exposures	Transferred to FCA Handbook with HSD changes.
Article 8 2014 Requirements	SECN 5.8.1R	The retention of the first loss tranche	Transferred to FCA Handbook with no changes
Article 9 2014 Requirements	SECN 5.9.1R	Retention of a first loss exposure of not less than 5% of every securitised exposure	Transferred to FCA Handbook with no changes.
N/A	SECN 5.10R	Application of the retention options on NPE securitisations	Policy change. Please refer to Chapter 5 - NPE securitisation - of the PS for the detail of the policy change.
Article 10 2014 Requirements	SECN 5.11.1R	Measurement of the level of retention	Transferred to FCA Handbook with no changes.
Article 11 2014 Requirements	SECN 5.11A.1R	Measurement of retention for exposures in the form of drawn and undrawn amounts of credit  facilities	Transferred to FCA Handbook with no changes.
Article 12 Commission Delegated Regulation (EU) 2023/2175	SECN 5.12	Prohibition of hedging or selling the retained interest	Policy change. Please refer to Chapter 5 of the CP for the detail of the policy changes.  We have included the possibility to transfer the retention in the event of the retainer’s insolvency. Note: this is not a transfer of assimilated law, but a provision of post-IPCD material that is being adopted.
Recital 7 of Commission Delegated Regulation (EU) 2023/2175	SECN 5.12.1R	Derogation to the prohibition of the hedging of material net interest	Policy change. Please see Chapter 5 – Recitals relevant to risk retention – of the PS for further details. Note: this is not a transfer of assimilated law, but a provision of post-IPCD material that is being adopted.
Article 13 2014 Requirements	SECN 5.13.1R	Exemptions in accordance with Article 6(6) UK SR	Transferred to FCA Handbook with no changes.
Article 14 2014 Requirements	SECN 5.14	Retention on a consolidated basis	Transferred to FCA Handbook with no changes.
Article 10(2) 2014 Requirements	SECN 5.15	Arrangements or embedded mechanisms	Policy change. Please refer to Chapter 5 of the CP for the detail of the policy change.
Recital 1 2014 Requirements	SECN 5.16	Risk retention in securitisation of own liabilities	Policy change. Please see Chapter 5 – Recitals relevant to risk retention – of the PS for further details.
Article 2(3) 2014 Requirements	SECN 5.17	Retention requirement on resecuritisations	Policy change. Please refer to Chapter 5 – Risk retention in relation to resecuritisation of the PS for the detail of the policy change .
Article 18(1) of Commission Delegated Regulation (EU) 2023/2175	SECN 5.18.1R	Selection of assets	New provision inserted to FCA Handbook. Note: this is not a transfer of assimilated law, but a provision of post-IPCD material that is being adopted
Article 18(2) of Commission Delegated regulation (EU) 2023/2175	SECN 5.18.2G	Selection of assets	Policy change. Guidance to clarify that originator’s compliance with its internal policies, procedures and controls must be taken into account when assessing against cherry picking. Note: this is not a transfer of assimilated law, but a provision of post-IPCD material that is being adopted
Article 22 2014 Requirements	SECN 5.19	Disclosure of the level of the commitment to maintain a net economic interest	Transferred to the FCA Handbook with policy change. Please refer to Chapter 5 of the CP for the detail of the policy change.
N/A	SECN 6.1.1G	Scope of application of the disclosure requirements	Policy change. Please see Chapter 6 – Geographical scope – of the PS for further details.
Article 7(1) UK SR	SECN 6.2.2R	Transparency requirements for originators, sponsors and SSPEs	Policy change. Please refer to Chapter 4 for further details. Introduction of the concept of ‘commitment to invest’ to accommodate for private securitisations where “pricing” does not always apply.
Article 7(1) UK SR	SECN 6.2.5R	Transparency requirements for originators, sponsors and SSPEs	Transferred to FCA Handbook with HSD changes.
N/A	SECN 6.2.6G	Transparency requirements for originators, sponsors and SSPEs	Clarification that the confidentiality of the information would not prevent the FCA to request and process such information.
Article 7(2) UK SR	SECN 6.3	Designation relating to securitisation repository	Transferred to FCA Handbook with HSD changes.
N/A	SECN 7.1.1G	Scope of application of the ban on resecuritisation	Policy change. Please see Chapter 6 – Geographical scope – of the PS for further details.
Article 8(1) – (3) UK SR	SECN 7.2	Requirements on ban on resecuritisation	Policy change. Please refer to Chapter 6 – waiver and resecuritisation – of the PS for the detail of the policy change
Article 8(4) UK SR	SECN 7.3	Fully supported ABCP programme not a resecuritisation	Transferred to FCA Handbook with no changes.
Article 9 UK SR	SECN 8	Requirements on credit granting	Transferred to FCA Handbook with no changes.
N/A	SECN 8.1.1G	Scope of application of the credit granting criteria	Policy change. Please see Chapter 6 – Geographical scope – of the PS for further details.
Article 9 UK SR and recital 14 EU SR	SECN 8.2	Requirement on credit granting	Transferred to FCA Handbook with policy change. Please refer to Chapter 6 – credit granting criteria – of the PS for further details.
Article 9 UK SR	SECN 8.3	Verification arrangements	Transferred to FCA Handbook with no changes.
N/A	SECN 9.1.1G	Scope of application of the requirements on SR	Policy change. Please see Chapter 6 – Geographical scope – of the PS for further details.
Article 10(4) UK SR	SECN 9.2	Securitisation repository registration conditions	Transferred to FCA Handbook with HSD changes.
Article 17(1) UK SR	SECN 9.3	Requirement for securitisation repositories to collect and maintain securitisation details	Transferred to FCA Handbook with HSD changes.
Article 10(5) UK SR and Retained EU law version of  Commission Implementing Regulation (EU) 2020/1228	SECN 9.4	Format of applications for registration as a securitisation repository or for extension of a registration of a trade repository	Transferred to FCA Handbook with HSD changes.
Retained EU law version of Commission Delegated Regulation (EU) 2020/1229	SECN 9.5	Operational standards for data collection, aggregation, comparison, access and verification of completeness and consistency by securitisation repositories	Transferred to FCA Handbook with HSD changes.
Retained EU law version of Commission Delegated Regulation (EU) 2020/1230	SECN 9.6	Details of the application for registration of a securitisation repository and the details of the simplified application for an extension of registration of a trade repository	Transferred to FCA Handbook with HSD changes.
Retained EU law version of Commission Delegated Regulation (EU) 2019/885	SECN 10	Requirements on third party verifiers	Transferred to FCA Handbook with HSD changes.
Not applicable	SECN 10.1.1G	Scope of application of Chapter 10	Policy change. Please see Chapter 6 – Geographical scope – of the PS for further details.
Retained EU law version of Commission Delegated Regulation (EU) 2020/1224	SECN 11	Information and the details of a securitisation, which the originator, sponsor and SSPE must make available	Transferred to FCA Handbook with HSD changes.
Not applicable	SECN 11.1.1G	Scope of application of Chapter 11	Policy change. Please see Chapter 6 – Geographical scope – of the PS for further details.
Retained EU law version of Commission Delegated Regulation (EU) 2020/1225	SECN 12	Format and standardised templates for making available the information and details of a securitisation	Transferred to FCA Handbook with HSD changes.
N/A	SECN 12.1.1G	Scope of application of Chapter 12	Policy change. Please see Chapter 6 – Geographical scope – of the PS for further details.
N/A	SECN 13	Waivers	Policy change Please see Chapter 3 – Waivers – of the PS for further details.
Art 43 UK SR	SECN 14.2	Transitional provisions	For pre-2019 securitisations: some provisions were transferred to SR 2024 from Art 43 UK SR and some were transferred to FCA Handbook with HSD changes only .For pre-revocation securitisations: Policy change. Please see Chapter 6 – Transitional provisions – of the PS for further details.

Glossary and notes

The Securitisation Sourcebook (SECN) derivation and changes table is published in our Policy Statement 24/4[2].

Commission Implementing Regulation (EU) 2017/1469

Commission Implementing Regulation (EU) 2017/1469 refers to the UK version of Commission Implementing Regulation (EU) 2017/1469 of 11 August 2017 laying down a standardised presentation format for the insurance product information document, which is part of UK law by virtue of the EUWA, as amended by the Technical Standards (Insurance Distribution Directive) (EU Exit) Instrument 2019 (FCA 2019/43).

Commission Delegated Regulation (EU) 2017/2358

Commission Delegated Regulation (EU) 2017/2358 refers to the UK version of Commission Delegated Regulation (EU) 2017/2358 of 21 September 2017, supplementing the IDD of the European Parliament and of the Council with regard to product oversight and governance requirements for insurance undertakings and insurance distributors, which is part of UK law by virtue of the EUWA, as amended by The Insurance Distribution (Amendment) (EU Exit) Regulations 2019 (SI 2019/663).

Commission Delegated Regulation (EU) 2017/2359

Commission Delegated Regulation (EU) 2017/2359 refers to the UK version of Commission Delegated Regulation (EU) 2017/2359 of 21 September 2017, supplementing the IDD of the European Parliament and of the Council with regard to information requirements and conduct of business rules applicable to the distribution of insurance–based investment products, which is part of UK law by virtue of the EUWA, as amended by the Insurance Distribution (Amendment) (EU Exit) Regulations 2019 (SI 2019/663.

Commission Delegated Regulation (EU) 2019/193

Commission Delegated Regulation (EU) 2019/1935 refers to Commission Delegated Regulation (EU) 2019/1935 of 13 May 2019 amending Directive (EU) 2016/97 of the European Parliament and of the Council with regard to regulatory technical standards adapting the base euro amounts for professional indemnity insurance and for financial capacity of insurance and reinsurance intermediaries

Handbook style drafting

Handbook style drafting is used to denote instances where retained EU law has been transferred to the handbook with minor drafting changes that do not amount to a change in policy.

First published: 15/12/2023 Last updated: 15/11/2024