Related provisions for SYSC 4.8.24
21 - 25 of 25 items.
1Schedule to the Recognition Requirements Regulations, paragraph 2A(1)The composition of the management body of a [UK RIE] must reflect an adequately broad range of experience.(2)The management body must possess adequate collective knowledge, skills and experience in order to understand the [UK RIE’s] activities and main risks.(3)Members of the management body must -(a)commit sufficient time to perform their functions on the management body;(b)act with honesty, integrity and independence
ModuleRelevance to Credit UnionsThe Principles for Businesses (PRIN)The Principles for Businesses (PRIN) set out 3high-level requirements 3imposed by the FCA3. They provide a general statement of regulatory requirements. The Principles apply to all9credit unions. In applying the Principles to credit unions, the FCA3 will be mindful of proportionality. In practice, the implications are likely to vary according to the size and complexity 3of the credit union.99999Senior Management
A contravention of a rule in SYSC 11 to 2SYSC 21,7SYSC 22.8.1R, SYSC 22.9.1R or SYSC 23 to9SYSC 288 does not give rise to a right of action by a private person under section 138D of the Act (and each of those rules is specified under section 138D(3) of the Act as a provision giving rise to no such right of action). 34437