On 5 June 2026, the Financial Conduct Authority (FCA) published Consultation Paper 26/17: Quarterly Consultation Paper No. 52 (CP26/17).
In CP26/17, the FCA proposes the following miscellaneous amendments to its Handbook:
- Simplifying climate disclosure requirements for investment products: Following a post-implementation review of its climate disclosure rules for asset managers, life insurers and FCA-regulated pension providers, the FCA are proposing to make changes to the product-level disclosure requirements in its ESG sourcebook (ESG), with consequential amendments in other areas of the Handbook. This aims to simplify the rules while maintaining the original policy intention, as set out in Policy Statement S21/24. In particular, the FCA is proposing to remove Taskforce on Climate-related Financial Disclosures (TCFD) product reporting requirements. In their place the regulator proposes to introduce fewer, more targeted and more outcomes-based rules, while maintaining the same overall scope. The FCA is also proposing to introduce a new rule, ESG 2.3.1BR, which would require firms to: (i) consider periodically whether climate risks and/or opportunities could be materially relevant to the financial performance or return of the product; and (ii) disclose such risks and/or opportunities in communications that are intended for retail clients and that provide general information on risk and financial returns.
- Annual fees and levies for cryptoasset firms: To amend FEES 4 Annexes 1A, 2A, 11A and 13 to set regulated income as the tariff base for cryptoasset firms. To insert three additional rows to FEES 5 Annex 1R to account for new regulated cryptoasset activities.
- UK Capital Requirements Regulation (UK CRR) references amendment: HM Treasury published an approach to revoking provisions of the UK CRR following the Financial Services and Markets Act 2023. These proposals deal with consequential amendments to references to the definitions and provisions of the UK CRR in the FCA Handbook and Glossary of definitions.
- Holding of certain cryptoasset exchange traded notes by authorised funds: To allow certain authorised funds to hold cryptoasset exchange traded notes (cETNs) to a limit of 10% of scheme property.
- Section 21 approval notifications for qualifying cryptoasset financial promotions: To delete the requirement for approvers of qualifying cryptoasset financial promotions to submit notifications following certain approvals, as the data shows that most of these promotions are compliant with FCA rules.
- Update to RMA-M scheduling and guidance for completing FIN073: To simplify the scheduling rule for Section M of the Retail Mediation Activities Return (RMA-M) and to update guidance to complete FIN073.
Next steps
The FCA has asked for feedback on these proposals by 13 July 2026.