PS17/24 – Responses to CP6/24: OCP policy statement

On "31/10/2024", the "Bank of England" issued an update regarding "PS17/24 – Responses to CP6/24: OCP policy statement". The Bank of England has released its policy statement (PS) in response to consultations on several proposals made in consultation paper (CP) 6/24, including updates to the Disclosure and Reporting rules under the Central Retail Credit Regulation Part (CRR), as well as a new Rule 9.5A on FSCS eligibility for occupational pension scheme members.

The PS takes into account feedback received from respondents to CP 6/24, making minor changes to certain rule instruments to improve clarity without altering policy or substance. The updates aim to maintain the historical position of disclosure requirements and provide greater certainty for OPS trustees on FSCS protection.