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SYSC 1.4 Application of SYSC 11 to 28A1224378

What?

SYSC 1.4.1G

1The application of each of chapters SYSC 11 to 2SYSC 213 is set out in those chapters and in SYSC 1.4.1A R5.

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SYSC 1.4.1-AG

8The application of each of the chapters SYSC 19F.2, SYSC 22 to 9 SYSC 28A 12 is set out in those chapters.

SYSC 1.4.1ARRP

SYSC 1211 and SYSC 21 do not apply to a firm in relation to its carrying on of auction regulation bidding.

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SYSC 1.4.1BGRP

5Apart from SYSC 1211, and SYSC 21 which are disapplied by SYSC 1.4.1A R, the other chapters of SYSC 11 to SYSC 1410 do not apply in relation to a firm's carrying on of auction regulation bidding because they only apply to an insurer. SYSC 18 provides guidance on the Public Interest Disclosure Act. Other chapters of SYSC may not apply to auction regulation bidding, for example because an exempt MiFID commodities firm will not be a MIFIDPRU investment firm11.

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Actions for damages

SYSC 1.4.2RRP

A contravention of a rule in SYSC 11 to 2 SYSC 14, SYSC 18 to10 SYSC 21,7 SYSC 22.8.1R, SYSC 22.9.1R or SYSC 23 to 9 SYSC 28A12 does not give rise to a right of action by a private person under section 138D of the Act (and each of those rules is specified under section 138D(3) of the Act as a provision giving rise to no such right of action).

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