Home FCA Handbook SUP SUP 15 SUP 15.1 Application
You are viewing SUP 15.1 Application as of . SUP 15.1 Application was last updated on 01/01/2021. Future Versions: 18/03/2027

SUP 15.1 Application

Who?

01/01/2021G

This chapter applies to every firm except that:

  1. (1)

    only SUP 15.10 applies to an ICVC; and

  2. (2)

    SUP 15.3.22 D to SUP 15.3.25 D apply only to the Society.

01/01/2014G

In some cases, the application of provisions set out in SUP 15 Annex 1 depends on whether responsibility is reserved to a Home State regulator.

21/03/2016G

The guidance in SUP 15.13 applies to all CBTL firms whether or not they are also firms.

13/01/2018D

The directions and guidance in SUP 15.14 apply to payment service providers as set out in that section.

What?

21/06/2001R

This chapter:

  1. (1)

    applies with respect to the carrying on of both regulated activities and unregulated activities; and

  2. (2)

    takes into account any activity of other members of a group of which the firm is a member.

13/01/2018D

SUP 15.8 and SUP 15.14 apply with respect to the carrying on of payment services and other activities to which the Payment Services Regulations apply.

Where?

01/11/2007G

Firms are reminded that, unless expressly stated otherwise, where a rule or guidance includes a reference to a firm this includes all UK and overseas branches and representative offices of that firm, whether or not those branches or offices carry on any regulated activities.

SMCR firms

07/12/2020R

The following apply only to SMCR firms:

  1. (1)

    SUP 15.2.5G (Purpose);

  2. (2)

    SUP 15.11 (Notification of COCON breaches and disciplinary action);

  3. (3)

    SUP 15.15 (Enhanced scope SMCR firm retail intermediaries);

  4. (4)

    SUP 15.16 (Notification of changes in the management body); and

  5. (5)

    SUP 15.17 (Notification by limited scope SMCR benchmark firm).