(1) |
Details of the applicant's constitution, structure and ownership,
including its memorandum and articles of association (or similar or analogous documents ) and any agreements between the
applicant, its owners or other persons relating
to its constitution or governance. |
(2) |
Details of all business to be conducted by the applicant, whether
or not a regulated activity. |
(3) |
Details of the facilities which
the applicant plans to operate, including details of the trading platform, settlement arrangements, clearing services and custody services
which it plans to supply. |
(4) |
Copies of the last three annual reports and accounts and, for
the current financial year, quarterly management
accounts. |
(5) |
Details of its business plan for the first three years of operation
as a UK recognised body. |
(6) |
A full organisation chart and a list of the posts to be held by key individuals (with details of the duties
and responsibilities) and the names of the persons proposed
for these appointments when these names are available. |
(7) |
Details of its auditors, bankers, solicitors and any persons providing corporate finance advice
or similar services (such as reporting accountants) to the applicant. |
(8) |
Details of any relevant functions to
be outsourced or delegated, with copies of relevant agreements. |
(9) |
Details of information technology systems and of arrangements
for their supply, management, maintenance and upgrading, and security. |
(10) |
Details of all plans to minimise disruption to operation of its facilities in the event of the failure of
its information technology systems. |
(11) |
Details of internal systems for financial control, arrangements
for risk management and insurance arrangements to cover operational and other
risks. |
(12) |
Details of its arrangements for managing any counterparty risks, including
details of margining systems, guarantee funds and insurance arrangements. |
(13) |
Details of internal arrangements to safeguard confidential or
privileged information and for handling conflicts of interest. |
(14) |
Details of arrangements for complying with the notification
rules and other requirements to supply information to the FSA. |
(15) |
Details of the arrangements to be made for monitoring and enforcing
compliance with its rules and with its clearing, settlement and default arrangements. |
(16) |
A summary of the legal due diligence carried out in relation to
ascertaining the enforceability of its rules (including default
rules)and arrangements for margin against any of its members based
outside the United Kingdom, and the results and conclusions reached. |
(17) |
Details of the procedures to be followed for declaring a member in default, and for taking action
after that event to close out positions, protect the interests of other members and enforce its default
rules. |
(18) |
Details of membership selection criteria, rules and procedures. |
(19) |
Details of arrangements for recording transactions effected by,
or cleared through, its facilities. |
(20) |
Details of arrangements for detecting financial
crime and market abuse ,
including arrangements for complying with money
laundering law. |
(21) |
Details of criteria, rules and arrangements for selecting specified investments to be admitted to
trading on (or cleared by) an RIE, or to be cleared
by an RCH and,
where relevant, details of how information regarding specified
investments will be disseminated to users of its facilities. |
(22) |
Details of arrangements for cooperating with the FSA and other appropriate authorities, including draft memoranda
of understanding or letters. |
(23) |
Details of the procedures and arrangements for making and amending
rules, including arrangements for consulting on rule changes. |
(24) |
Details of disciplinary and appeal procedures, and of the arrangements
for investigating complaints. |
