What is an FCA sup 15 notification?
SUP 15.11 (Notification of COCON breaches and disciplinary action) provides rules and guidance on notifications to the FCA by an SMCR firm where the SMCR firm takes disciplinary action in relation to any conduct rules staff and the reason for taking that action is a reason specified in rules made by the FCA.
What is FCA sup?
The FCA’s Supervision Manual (SUP) addresses the day to day relationship between the FCA, authorized persons (firms), key individuals within them, their appointed representatives and tied agents, and those who own or control them.
How do I submit C form to FCA?
Notification of a qualified Form C must be made in writing by either fax or email and should be made, where possible, within one business day of the firm becoming aware of the information. If the firm does not submit Form C, it should inform the FCA and/or PRA in due course of the reason.
What is FCA perg?
PERG 6 : Identification of contracts of insurance. any person who needs to know whether a contract with which he is involved is a contract of insurance. the general principles and range of specific factors that the FCA regards as relevant in deciding whether any arrangement is a contract of insurance.
Which part of the FCA rule book contains details about complaints procedures?
DISP INTRO 1 Introduction This part of the FCA Handbook sets out how complaints are to be dealt with by respondents (firms, payment service providers,electronic money issuers, CBTL firms, designated credit reference agencies, designated finance platforms and VJ participants) and the Financial Ombudsman Service.
What are conc rules?
The purpose of CONC is to set out the detailed obligations that are specific to credit-related regulated activities and activities connected to those activities carried on by firms. These build on and add to the high-level obligations, for example, in PRIN, GEN and SYSC, and the requirements in or under the CCA.
What is arranging deals in investments?
Under article 25 of the Regulated Activities Order, arranging deals in investments covers: (1) making arrangements for another person (whether as principal or agent) to buy, sell, subscribe for or underwrite a particular investment which is: (a) a security or a structured deposit; or.
What is the FCA perimeter?
The FCA remit, or perimeter, determines which activities require FCA authorisation and what level of protection consumers can expect for the financial services and products they purchase. The perimeter is decided by the Government and Parliament through legislation.
Where do FCA conduct rules apply?
The Conduct Rules apply to all firms, and to all staff within a firm, with the exception of ancillary staff (e.g. Receptionists, Reprographics staff, Security Guards). Importantly, they apply to both regulated and unregulated financial services activities.
When should a firm consider the requirements of the SUP 15?
A firm should consider the requirements in SUP 15.9.2 R on a continuing basis, and in particular, when the group prepares its financial statements and on the occurrence of an event affecting the consolidated group. Such events include, but are not limited to, an acquisition, merger or sale.
What is the purpose of SUP 15?
The purpose of SUP 15.14 is to provide directions and guidance to payment service providers on the form, content and timing of notifications required under the Payment Services Regulations.
What does the FCA expect firms to consider when making sups?
The circumstances which may give rise to any of the events in SUP 15.3.1 R are wide-ranging and the probability of any matter resulting in such an outcome, and the severity of the outcome, may be difficult to determine. However, the FCA expects firms to consider properly all potential consequences of events.
Do I need to make a notification under SUP 10c?
Any notification required under both SUP 10C.14 and SUP 15.3.11R should be made in accordance with SUP 10C.14, which requires notification using Forms C or D. . SUP 10A.14 applies similar, but less extensive, obligations to firms that are not SMCR firms . Paragraphs (2) and (3) apply to those notifications as well.