FCA Handbook instrument introducing revised FCA supervisory principles

On 25 April 2019, the FCA published the Supervision Manual (Supervisory Principles Amendment) Instrument 2019. The Instrument amends the FCA’s Supervision Manual (SUP) by inserting at part 1A.3.2A G the FCA’s supervisory principles: as set out in their  Approach to Supervision document (see our blog here). Also amended by the Instrument is parts 1A.3.3 G, 1A.3.4 G and 1A.3.6 G regarding the scope of the supervision model for firms; and part 1A.4 concerning the FCA’s tools for supervision. A draft version of the Instrument was consulted on in the FCA’s September 2018 consultation paper (CP18/24). The Instrument was made on 16 April 2019 and came into force on 24 April 2019.

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