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Financial Services Authority

Volume 450: debated on Friday 20 October 2006

To ask the Chancellor of the Exchequer when the Financial Services Authority plans to finalise the Handbook rules and guidance to implement CP06/3. (95815)

I understand that the Financial Services Authority plans to make the rules and guidance implementing the Capital Requirements Directive (CRD) in two new FSA Handbook sourcebooks (GENPRU and BIPRU) at the FSA Board meeting on 25 October. The legal instruments should be available on the FSA’s website from 27 October. There are a small number of transitional provisions, which, because of their complexity, the FSA plans to make as separate legal instruments at the November meeting of the FSA Board.