DEC 3 Annex 1 Statutory notice procedure: Supervisory notice procedure
Section of the Act |
Description |
Handbook reference |
Decision maker1 |
53(4)/(7)/(8)(b) |
when the FSA is exercising its own-initiative power to vary a firm's Part IV permission |
Variation of Part IV permission on the FSA's own initiative SUP 7 |
RDC / executive procedures (Note) |
| 2 | when the FSA is proposing/discontinues the listing of a security |
LR 5 |
|
| 2 | when the FSA is proposing/suspends the listing of a security |
LR 5 |
|
| 2 | when the FSA is proposing/deciding to exercise or deciding to maintain, vary or revoke any of the powers in sections 87K or 87L in respect of an infringement of any applicable provision. |
PR 5 |
|
when the FSA is proposing/suspends trading in a financial instrument |
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197(3)/ (6)/(7)(b) |
when the FSA is exercising its power of intervention in respect of an incoming firm |
Intervention against incoming firms SUP 7 |
RDC / executive procedures (Note) |
259(3)/(8)/(9) (b) |
when the FSA is exercising its power to give or, on its own initiative, to vary a direction to the manager and trustee of an AUT |
Collective investment schemes |
|
268(3)/(7)(a) or (9)(a) (as a result of (8)(b)/(13)) |
when the FSA is proposing/deciding to give or, on its own initiative, to vary a direction to the operator of a recognised scheme |
Collective investment schemes |
|
282 (3)/(6)/(7)(b) |
when the FSA is exercising its power to give a direction to an operator, trustee or depositary of a recognised scheme |
Collective investment schemes |
|
321(2)/(5) |
when the FSA is exercising its power to impose a requirement on a former underwriting member of Lloyd's |
None |
|
OEIC Regulations reference |
Description |
Handbook reference |
Decision maker |
Regulation 27 |
when the FSA is exercising its power to give or, on its own initiative, to vary a direction to an ICVC and its depositary |
Collective investment schemes |
|
Note: The decision will be made by the RDC if it involves a fundamental change (see DEC 4.1.5 G) to the nature of a permission. |
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