SYSC TP 6 1Transitional Provision 6

1.

SYSC 2.2.4

R

Where this rule imposes requirements relating to a record of a person’s scope of responsibilities, a firm is required to comply with these requirements from the following dates:

(a) from 1 January 2016, to the extent that such a record already exists which satisfies SYSC 2.2.4R(3);

(b) if (a) does not apply, from the date that a firm actually produces such a record, if before 7 September 2016; and

(c) in any event, from 7 September 2016.

From 1 January 2016 until 7 September 2016 or, if earlier, the date on which any such scope of responsibilities document is produced or firms are required to produce one.

1 January 2016

12.

SYSC 2.1.3A

R

A firm is not required to allocate the function of dealing with the apportionment of responsibilities under SYSC 2.1.1R to one or more approved persons performing a significant influence function until 7 June 2016 or, if earlier, the first occasion before 7 June 2016 that the firm updates its governance map. Until any new allocation is made the existing allocation must continue.

From 7 March 2016 to 7 June 2016 or if earlier, the date on which the firm updates its governance map.

7 March 2016

23.

SYSC 2.2.6

A firm is required to comply with the requirement to produce a scope of responsibilities record from the following dates:

(a) from 7 March 2016, to the extent that such a record already exists which satisfies SYSC 2.2.6R(3) or was required to be produced as part of an application for a person to be approved to perform a controlled function;

(b) if (a) does not apply, from the date that a firm actually produces such a record, if before 7 March 2017; and

(c) in any event, from 7 March 2017.

From 7 March 2016 until 7 March 2017 or, if earlier, the date on which any such scope of responsibilities document is produced or the firm is required to produce one.

7 March 2016

24.

SYSC 2.1.3C

R

A firm is not required to allocate the function of dealing with the apportionment of responsibilities to one or more approved persons performing a significant influence function until 7 March 2017. Until any new allocation is made, the existing allocation must continue.

From 7 March 2016 to 7 March 2017.

7 March 2016

25.

SYSC 2.2.1R and SYSC 2.2.1AR

R

A firm must continue to retain the records it was required to make and retain under SYSC 2.2.1R before its disapplication to the firm under SYSC 2.2.1AR, for as long as SYSC 2.2.1R required before its disapplication.

From 1 January 2016 until the date that the records are no longer required to be retained.

1 January 2016