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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

APER 1.1A 7Application

Who?

APER 1.1A.1RRP

1APER applies to FCA-approved persons who are approved to perform a controlled function in SUP 10A (FCA Approved Persons in Appointed Representatives).5

3
APER 1.1A.1AGRP

[deleted]5

What?

APER 1.1A.2RRP
  1. (1)

    1APER applies to the performance by an approved person of FCA controlled functions in SUP 10A (FCA Approved Persons in Appointed Representatives5) (whether or not approval has been sought and granted).3

  2. (2)

    APER also applies to the performance by an approved person of any other functions in relation to the carrying on of a regulated activity by their authorised approved person employer.3

  3. (3)

    Subject to (4), APER does not apply to conduct to which COCON applies.3

  4. (4)

    APER applies to conduct to which COCON does not apply under COCON 1.1.8AR (To what conduct does it apply?).3

  5. (5)

    APER does not apply to conduct unless it is within the scope of section 64A of the Act (Rules of conduct).5

APER 1.1A.3GRP

The functions described in APER 1.1A.2R 1are called accountable functions.

APER 1.1A.4GRP

[deleted]64

1

Where?

APER 1.1A.5GRP

The territorial scope of the approved persons regime64 is set out in SUP 10A.145.

Coverage of APER

APER 1.1A.6GRP

[deleted]5

1333
APER 1.1A.7GRP

[deleted]5

3
APER 1.1A.8GRP

[deleted]5

APER 1.1A.9GRP

[deleted]5

APER 1.1A.10E

1[deleted]

APER 1.1A.11G

1[deleted]