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  3. Point in time
    2020-03-27

REC 3.19 Investigations

REC 3.19.1RRP

Where a UK recognised body becomes aware that a person has been appointed by any regulatory body (other than the FCA 2or a UK recognised body) to investigate:

2
  1. (1)

    any business transacted by means of its facilities or1

    2
  2. (2)

    any aspect of the clearing facilitation services2 which it provides;

    2

it must immediately give the FCA 2notice of that event.

2
REC 3.19.2GRP

A UK recognised body need not give the FCA 2notice of:

2
  1. (1)

    routine inspections or visits undertaken in the course of regular monitoring, complaints handling or as part of a series of 'theme visits'; or

  2. (2)

    routine requests for information; or

  3. (3)

    investigations into the conduct of members of the UK recognised body or of other users of its facilities where the use of its facilities is a small or incidental part of the subject matter of the investigation.