Issue 115 of Butterworths Financial Regulation Service has now been published. I’ve written new chapters on BCOBS 4 and BCOBS 5. I’ve also reviewed and revised the existing chapters in BCOBS and in CONC. The commentary is up to date to December 2020.
The changes include:
– revising the commentary in CONC to reflect latest COVID-19 guidance from the FCA;
– updating the commentary in CONC to consider the changes to commission disclosure, including analysing the meaning of the ‘nature’ of commission; and
– considering the changes to both CONC and BCOBS as a result of Brexit.