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Status: You are viewing the version of the handbook as on 2005-06-30.

AUTH 6.5 Notified persons

AUTH 6.5.1G

There are four positions which require notification to the FSA but not approval by the FSA. These relate to overseas firms (but excluding EEA firms) with branches in the United Kingdom. These are:

  1. (1)

    the firm's worldwide chief executive where the person holding the position is situated outside the United Kingdom;

  2. (2)

    the person, if not the worldwide chief executive, within the overseas firm with a purely strategic responsibility for UK operations;

  3. (3)

    for a bank: the two or more persons who effectively direct its business in accordance with IPRU(BANK) GN 3.3.1 R;1

  4. (4)

    for an insurer: the authorised UK representative. 1

AUTH 6.5.2G

For further details relating to those positions which require notification only, see SUP 15.4 (Notified persons).1