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Clifford Chance

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FCA publishes policy statement on sponsor competence and further consultation

8 October 2014

In January 2014, the FCA published consultation paper CP14/2 which proposed a package of measures intended to clarify and strengthen the sponsor competence regime. The FCA has now published CP14/21, a feedback and policy statement on CP14/2, which sets out the final rule changes to the sponsor competence regime. These rule changes will take effect on 1 February 2015. CP14/21 also contains a consultation on the joint sponsor regime and calls for views on sponsor conflicts.

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