SUP TP 14 Transitional provisions relating to financial promotion notifications and reports
1(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
Material to which the transitional provision applies |
Transitional provision |
Transitional provision: dates in force |
Handbook provision: coming into force |
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14.1 |
R |
(1) This transitional provision applies to a firm that applies for approver permission on or before 6 February 2024 and whose application has yet to be determined. (2) The requirement to submit notifications to the FCA for the purposes of SUP 16.31.5R applies to a firm in (1). |
From 7 February 2024 |
6 November 2023 |
|
14.2 |
G |
The effect of the transitional provision in 14.1 is that a firm that applies for approver permission on or before 6 February 2024 must begin complying with the notification requirements in SUP 16.31.5R from 7 February 2024. Ordinarily, a firm applying for approver permission would only begin submitting such notifications following the grant of its approver permission. |
From 7 February 2024 |
6 November 2023 |
|
14.3 |
R |
(1) This transitional provision applies to a firm that applies for approver permission on or before 6 February 2024 and whose application has yet to be determined. (2) The requirement to submit bi-annual reports to the FCA for the purposes of SUP 16.31.9R applies to a firm in (1). (3) A firm in (1) must submit its first bi-annual report for the purpose of SUP 16.31.9R in respect of the reporting period beginning on 7 February 2024 and ending on the earlier of: (a) the firm’s accounting reference date; or (b) the date falling 6 months after the firm’s accounting reference date. |
From 7 February 2024 |
6 November 2023 |
|
14.4 |
G |
The effect of the transitional provision in 14.3 is that a firm that applies for approver permission on or before 6 February 2024 must comply with the bi-annual reporting requirement while its application is being determined. The firm must submit its first bi-annual report to cover the period from 7 February 2024 to the date that would otherwise mark the end of a reporting period. Ordinarily, a firm applying for approver permission would be required to submit its first bi-annual report only following the grant of its approver permission. |
From 7 February 2024 |
6 November 2023 |