SYSC 22.4 Drafting the reference: detailed requirements for full scope regulatory reference firms

1SYSC 22 Annex 1R (Template for regulatory references given by SMCR firms2 and disclosure requirements) has two purposes:

1. (1)

   to set out what information an SMCR firm2 should disclose under SYSC 22.2.2R(4); and

2. (2)

   to provide a template that an SMCR firm2 should use when giving a reference under this chapter.

1. (1)

   SYSC 22.4.2R does not stop an SMCR firm2 including matters in the reference not required by the template in SYSC 22 Annex 1R.

2. (2)

   An SMCR firm2 may include the material required by the template and additional material in the same document.

3. (3)

   Any additional material should not alter the scope of any of the questions in the templates.

An SMCR firm2 should use the template in SYSC 22 Annex 1R (Template for regulatory references given by SMCR firms2 and disclosure requirements) even if the firm asking for the reference does not specifically ask it to.