Reset to Today

To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004.

Content Options:

Add to favourites

View Options:

More Resources:

External link Handbook Publications

Alternative versions

  2. Point in time
    2015-10-27

SUP 5.2 2The appropriate regulator’s power2

Who may be required to provide a report?

SUP 5.2.1GRP

Under section 166 of the Act (Reports by skilled persons), the appropriate regulator2 may, by giving a written notice, itself appoint a skilled person to provide it with a report, or 2require any of the following persons to provide it with a report by a skilled person:

2
  1. (1)

    a firm;

  2. (2)

    any other member of the firm's group;

  3. (3)

    a partnership of which the firm is a member;

  4. (4)

    a person who has at any relevant time been a person falling within (1), (2) or (3);

but only if the person is, or was at the relevant time, carrying on a business.

SUP 5.2.2GRP

2Under section 166A of the Act (Appointment of skilled person to collect and update information), the appropriate regulator may require a firm to appoint, or itself appoint, a skilled person to collect or update information.