DISP TP 1 Transitional provisions
DISP TP 1.1 Transitional Provisions table
(1) |
(2) Material provision to which transitional provision applies |
(3) |
(4) Transitional provision |
(5) Transitional provision: dates in force |
(6) Handbook provision: coming into force |
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1 |
R |
Expired9 9 |
9 | 9 | |||||
2 |
R |
Expired9 9 |
9 | 9 | |||||
3 |
G |
Expired9 9 |
9 | 9 | |||||
4 |
R |
Firms are subject to DISP App 1in relation to relevant existing complaints. |
From commencement |
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5 |
G |
The Ombudsman Transitional Order makes special provision for the handling by FOS Ltd of "relevant existing complaints" (that is, complaints which the former schemes have partly completed at commencement). The arrangements for handling these complaints are set out in DISP App 1. (The handling of complaints which firms have partly completed at commencement is described at DISP 1.4.6 R.) |
From commencement |
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6 |
DISP 2 DISP 3 DISP 5 and DISP App 1 |
R |
In DISP 2 DISP 3 DISP 5 and DISP App 1references to a "firm" or "firms" include unauthorised persons subject to the Compulsory Jurisdiction in relation to relevant complaints in accordance with the Ombudsman Transitional Order. |
From commencement |
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17 |
DISP 2 DISP 3 DISP 5 and DISP App 1 |
G |
Under the Ombudsman Transitional Order, a relevant complaint is subject to the Compulsory Jurisdiction whether or not it is about a firm or an unauthorised person. Unauthorised persons are not subject to DISP 1, but references to "firm" in DISP 2 DISP 3, DISP 5and DISP App 1 include unauthorised persons subject to the Compulsory Jurisdiction in relation to relevant complaints, where applicable. |
From commencement |
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37A |
R |
Nothing in DISP 2.3.6 Raffects the position of a complaint which, on 31 May 2004, could not have been considered by the Ombudsman under DISP 2.3.1 R (1)(c); or DISP 2.3.6 R (1)(b) as it then stood. |
From 1 June 2004 |
Amended with effect from 1 June 2004 |
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37B |
R |
In the case of a complainant falling within DISP 2.3.6 R as amended by this instrument, (and whose time for referring a complaint under the rules as they stood before amendment has not expired), time will expire in accordance with the amended rule save that if the final date would otherwise be before 30 November 2004 an explanation of the final date will be in conformity with DISP 2.3.6 R(2) , provided it stipulates a final date which is not less than two months from the date on which the explanation is likely to be received by the complainant. |
From 1 June 2004 |
Amended with effect from 1 June 2004 |
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8 |
R |
In relation to relevant complaints, references in DISP 1, DISP 2, DISP 3, DISP 4, DISP 5 and DISP App 1 to an "eligible complainant" include a person who is to be treated as an eligible complainant in accordance with the Ombudsman Transitional Order and references to a complaint shall be construed accordingly. |
From commencement |
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9 |
R |
Expired9 999 |
9 | 9 | |||||
102 |
R2 |
DISP 1.5.4 R does not apply to a firm with permission to carry on only insurance mediation activity, mortgage mediation activity, or both.2 |
(1) In respect of mortgage mediation activities, 31.10.04 - 31.3.05; (2) in respect of insurance mediation activities, 14.1.05 - 31.3.05.2 |
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112 |
R2 |
Where a firm is required under DISP 1.5.4 R to submit information using a report in the format set out in DISP 1 Ann 1R on a half-yearly basis, this must be read as a reference to providing the first and second report in accordance with transitional provision 12R.2 |
From 01.4.05, expiring on 31.3.062 |
1 April 20052 |
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122 |
R2 |
If transitional provision 11R applies, the firm's first and second report must be provided as follows:2 |
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Accounting reference date2 |
Reporting period starts2 |
Reporting period ends |
Report to be provided2 |
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Between 1 January 2005 and 31 March 20052 |
1st report: 1 April 20052 |
6 months after 2the 5accounting reference date within 2005 |
30 business days after period end2 |
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2nd report: 2the day after the end of the 1st reporting period5 25 |
the 5accounting reference date within 20062 |
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Between 1 April 2005 and 30 June 20052 |
1st report: 1 April 20052 |
6 months after the 5accounting reference date within 20052 |
30 business days after period end2 |
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2nd report: 2the day after the end of the 1st reporting period5 25 |
the accounting reference date within 2006 25 |
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Between 1 July 2005 and 30 September 20052 |
1st report: 1 April 20052 |
the accounting reference date within 20052 |
30 business days after period end2 |
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2nd report: the2 day5 following the accounting reference date within 2005 5 |
6 months after the 2accounting reference date within 2005 5 |
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Between 1 October 2005 and 31 December 20052 |
1st report: 1 April 20052 |
the accounting reference date within 2005 25 |
30 business days after period end2 |
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2nd report: 2the day following5 the accounting reference date within 2005 25 |
6 months after the 5accounting reference date within 20052 |
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134 |
R4 |
Where, at the relevant commencement date, a firm is still dealing with a complaint that is capable of being referred to the Financial Ombudsman Service as a relevant transitional complaint:4 |
31 October 2004 (for a complaint to which the MCAS Scheme applied immediately before that date)4 |
31 October 20044 |
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(1)4 |
it may continue to try to resolve the complaint in accordance with the complaints procedures that applied previously; but4 |
14 January 2005 (for a complaint to which the GISC Facility applied immediately before that date)4 |
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(2)4 |
it must, within eight weeks of the relevant commencement date, send the complainant a response which satisfies DISP 1.4.5 R, unless DISP 1.4.3A R or DISP 1.4.9 R applies.4 |
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144 |
G4 |
DISP TP 13R recognises that where a firm has already received, but only partly completed the handling of, a complaint which is capable of becoming a relevant transitional complaint, it may not always be practicable to handle the complaint in accordance with DISP 1 after the relevant commencement date.4 |
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156 |
R6 |
A firm which falls within industry block 16 or 17 needs to provide a statement to the FSA by the end of February 2005 only if it is providing the FSA with a statement of the total amount of relevant business.6 |
31 October 2004 to 28 February 2005 for firms falling in industry block 166 14 January 2005 to 28 February 2005 for firms falling in industry block 176 |
31 October 20046 |
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166 |
G6 |
In respect of the year 2005/06, the FSA will already have a statement of the total amount of the firm's annual income as part of the firm's application for a Part IV permission or to vary a Part IV permission. There is thus no need for a firm to repeat this information if it decides not to report annual income for relevant business in accordance with DISP TP 15R.6 |
31 October 2004 to 28 February 2005 for firms falling in industry block 166 14 January 2005 to 28 February 2005 for firms falling in industry block 176 |
31 October 20046 |
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177 |
R7 |
A firm must apply DISP as it applied before amendment by the Depolarisation Instrument to complaints received before 14 January 2005.7 |
From 14 January 2005.7 |
14 January 20057 |
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DISP TP 1.2 Table Fee tariffs for industry blocks
Industry Block |
Tariff Base |
1-Deposit acceptors |
Number of accounts relevant to the activities in DISP 2.6.1 R |
2-Firms that undertake insurance activities, subject to prudential regulation only (excluding firms in blocks 13 & 15) |
Relevant annual gross premium income |
3-Society of Lloyd's |
Flat fee |
4-Firms that undertake insurance activities, subject to both prudential and conduct of business regulation (long term life insurers) (excluding firms in block 15) |
Relevant adjusted annual gross premium income |
5-Fund managers (including those holding client money/assets and not holding client money/assets) |
Relevant funds under management |
6-Operators, Trustees and Depositaries of collective investment schemes |
Flat fee |
7-Firms dealing as principal |
Number of relevant traders |
8-Advisory arrangers, dealers or brokers (holding or controlling client money and/or assets) |
Number of relevant approved persons (controlled functions 21, 22, 24, 25, 26) |
9-Advisory arrangers, dealers or brokers (not holding or controlling client money and/or assets) |
Number of relevant approved persons (controlled functions 21, 22, 24, 25, 26) |
10-Corporate finance advisers |
Number of relevant approved persons (controlled function 23) |
11-Execution-only arrangers, dealers or brokers |
Flat fee |
12-Advisory only firms |
Number of relevant approved persons (controlled functions 21, 22, 24, 25) |
13-Cash plan health providers |
Flat fee |
15-Friendly Societies whose tax-exempt business represents 95% or more of their total relevant business |
Flat fee |
DISP TP 1.3
The industry blocks in Table 2 are the same as the equivalent activity group set out in part 7 of SUP 20 Annex 1. |
Where the tariff base in the table is defined in similar terms as the tariff base for the equivalent activity group set out in part 7 of SUP 20 Annex 1, it must be calculated in the same way as that tariff base except that it takes into account only the firm's relevant business. |