Consultation paper
A regulator’s published proposal for new or changed rules, with a deadline for firms and others to respond.
A consultation is the earliest formal sign of a rule change. It sets out the proposal, the regulator’s reasoning and the questions it wants answered, and is usually followed by a feedback statement and final rules.
Following consultations lets a firm plan for a change months before it is in force.
Where the rules use it.
- GFSC Handbook on Countering Financial Crime (AML/CFT/CPF)The Bailiwick's AML/CFT/CPF rules and guidance for financial services businesses and prescribed businesses, issued under the Criminal Justice (Proceeds of Crime) regulations.Guernsey · 8 controls
- JFSC AML/CFT/CPF HandbookHandbook for the prevention and detection of money laundering, terrorist financing and proliferation financing under the Money Laundering (Jersey) Order 2008.Jersey · 8 controls
- FCA Handbook — SYSC (Senior Management Arrangements, Systems and Controls)Governance, compliance, risk control, internal audit, record keeping and financial crime systems and controls.United Kingdom · 6 controls