SUP 11.1 Application
Application to firms
This chapter applies to every firm except:
- (1)
an ICVC;
- (2)
[deleted]8
- (3)
[deleted]8
- (4)
[deleted]
- (5)
a sole trader;
- (6)
[deleted]8
- (7)
- (8)
a firm which only has permission for administering a benchmark,7
as set out in the table in SUP 11.1.2 R.2
Applicable sections (see SUP 11.1.1 R)
Category of firm |
Applicable sections |
|
(1) |
A UK domestic firm other than a building society, a non-directive friendly society5, a non-directive firm45or (in the case of an FCA-authorised person) a firm with only a limited permission3 54 |
All except SUP 11.3, SUP 11.4.2A R and SUP 11.4.4 R3 |
(1A) |
(a) In the case of an exempt change in control (see Note), SUP 11.1, SUP 11.2 andSUP 11.9 (b) In any other case, all except SUP 11.3 andSUP 11.4.4 R3 9 |
|
(2) |
||
(2A) 3 |
4 | all except SUP 11.3, SUP 11.4.2 R, 4 and SUP 11.4.4 R3 |
5(2B) |
(In the case of an FCA-authorised person) a firm with only a limited permission |
All except SUP 11.3, SUP 11.4.2 R , and SUP 11.4.4 R |
(3) |
All except SUP 11.3, SUP 11.4.2 R, SUP 11.4.2A R, 4, SUP 11.4.9 G, SUP 11.5.8 G to SUP 11.5.10 G, SUP 11.6.2 R, SUP 11.6.3 R, 4, SUP 11.73 |
|
Note |
In row (1A), a change in control is exempt if the controller or proposed controller is exempt from any obligation to notify the appropriate regulator9 under Part XII of the Act (Control Over Authorised Persons9) because of The Financial Services and Markets Act 2000 (Controllers) (Exemption) Order 2009 (SI 2009/7744). (See SUP 11.3.2A G).21 944994494 |
|
Application to controllers
SUP 11.1, SUP 11.2.1 G, SUP 11.3 4and SUP 11.7 apply to a controller or a proposed controller of a UK domestic firm not listed in SUP 11.1.1 R (1) to SUP 11.1.1R(8).
46