SYSC 22.4 Drafting the reference: detailed requirements for full scope regulatory reference firms
Drafting the reference: detailed requirements for SMCR firms
1SYSC 22 Annex 1R (Template for regulatory references given by SMCR firms2 and disclosure requirements) has two purposes:
- (1)
to set out what information an SMCR firm2 should disclose under SYSC 22.2.2R(4); and
- (2)
to provide a template that an SMCR firm2 should use when giving a reference under this chapter.
How to draft the reference
- (1)
An SMCR firm2 must use the template in Part One of SYSC 22 Annex 1R (Template for regulatory references given by SMCR firms2 and disclosure requirements) when giving a reference under this chapter to another firm (A).
- (2)
A firm may make minor changes to the format of the template in Part One of SYSC 22 Annex 1R when giving a reference under this chapter, provided that the reference includes all the information required by SYSC 22 Annex 1R.
- (3)
- (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)
An SMCR firm2 may include the material required by the template and additional material in the same document.
- (3)
Any additional material should not alter the scope of any of the questions in the templates.