In October 2008 the Financial Services Authority (FSA) of the United Kingdom (UK) issued CP08/16: Quarterly Consultation paper No.18

This Consultation Paper (CP), we invite comments on miscellaneous amendments to the Handbook. It proposes amendments to:

• the General Prudential sourcebook (GENPRU) to clarify our notification requirements in relation to the redemption or repayment of tier one and tier two instrument;
  
• the Professional Indemnity Insurance (PII) requirements in MIPRU and IPRU(INV) in order to adjust the PII minimum indemnity limits in line with movements in the European Index of Consumer Prices (EICP) as required by the Insurance Mediation Directive;
  
• the provisions on passporting and on certain notification requirements for reinsurers in the Supervision manual (SUP);
  
• the rules in Chapter 17 in SUP on transaction reporting in respect of transactions in over-the-counter derivativesS;
  
• the Collective Investment Schemes sourcebook following our review of our policy in respect of the ability of UCITS schemes to invest in CIS not established in European Economic Area (EEA) states and amendments to our rules on unit class hedging;
  
• the Model Code in Annex 1 of Chapter 9 of the Listing Rules sourcebook (LR) to allow persons discharging managerial responsibilities of listed companies to enter into trading plans;
  
• and the Perimeter Guidance manual, as part of our work on implementing the Payment Services Directive
  
  

The deadline for comments on these amendments is 6 December 2008.