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SUP 16.32 Access to cash reporting

Application: who?

SUP 16.32.1R

1This section applies to every designated firm.

Application: where?

SUP 16.32.2R

1Where rules in this chapter require a designated firm to do or refrain from doing anything, the designated firm is required to do or refrain from doing that thing in relation to:

  1. (1)

    the UK, if it is designated by the Treasury pursuant to section 131R of the Act in relation to the whole of the UK; or

  2. (2)

    the part of the UK in relation to which it is designated.

SUP 16.32.3G
  1. (1)

    1The effect of SUP 16.32.2R is that, if a designated firm is designated by the Treasury pursuant to section 131R of the Act in relation to only part of the UK, the reporting requirements in SUP 16.32 only apply in respect of the part of the UK in relation to which the designated firm is designated.

  2. (2)

    If a designated firm is designated by the Treasury pursuant to section 131R of the Act in relation to only part of the UK, and that designated firm also has branches in another part of the UK, the FCA may use the information gathering power in section 165 of the Act, as applied by section 131Y of the Act, to require the designated firm to provide information in respect of its branches in the part of the UK in relation to which it is not designated in order to assist the FCA in exercising its functions under Part 8B of the Act.

Purpose

SUP 16.32.4G

1The purpose of this section is to require designated firms to submit information on their branch data and proposed branch closures in a standard format to the FCA. This information will assist the FCA in exercising its functions under Part 8B of the Act.

Reporting requirement

SUP 16.32.5R

1A designated firm must submit to the FCA the Branch Data and Closures Report in the format set out in SUP 16 Annex 56 in accordance with this section.

Frequency and timing of Branch Data and Closures Report

SUP 16.32.6R
  1. (1)

    1A designated firm must submit the Branch Data and Closures Report during each of the following windows:

    1. (a)

      1 to 14 February;

    2. (b)

      1 to 14 June; and

    3. (c)

      1 to 14 October.

  2. (2)

    The information to be included in relation to branch data in a Branch Data and Closures Report relates to a corresponding quarterly reporting period. The table below sets out the quarterly reporting periods and applicable windows for submitting the related Branch Data and Closures Report.

    Quarterly reporting period data relates to

    Window for submitting data

    1 January to 31 March

    1 to 14 June of the same calendar year

    1 April to 30 June

    1 to 14 October of the same calendar year

    1 July to 30 September

    1 to 14 February of the following calendar year

    1 October to 31 December

    1 to 14 February of the following calendar year

SUP 16.32.7G
  1. (1)

    1A designated firm will be required to submit 2 Branch Data and Closures Reports during the 1 to 14 February window: one containing information relating to branch data for 1 July to 30 September of the previous calendar year, and one containing information relating to branch data for 1 October to 31 December of the previous calendar year.

  2. (2)

    The information to be included in relation to proposed branch closures in a Branch Data and Closures Report will be forward-looking.

How to submit Branch Data and Closures Reports

SUP 16.32.8R

1A designated firm must submit the Branch Data and Closures Report:

  1. (1)

    online through the appropriate systems accessible from the FCA’s website; or

  2. (2)

    if the appropriate systems are unavailable, via email to branchclosuredata@fca.org.uk.