As part of its Project Innovate, the FCA has published a new webpage and response form requesting examples from firms of the retrospective application of regulatory rules. The intention behind this is for firms to highlight to the FCA if they thought a demanding standard or interpretation of the rules was applied, using the benefit of hindsight.
The deadline for comments on the retrospective application of regulatory rules is 10 October 2014.
View Retrospective application of regulatory rules: call for examples, 21 August 2014
View Retrospective application of regulatory rules: calls for examples response form, 21 August 2014