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DEPP 1.1 Application and Purpose



1This manual (DEPP) is relevant to firms, approved persons and other persons, whether or not they are regulated by the FCA.5 It sets out:

  1. (1)

    the FCA's 5 decision-making procedure for giving statutory notices. These are warning notices, decision notices and supervisory notices (DEPP 1.2 to DEPP 5);

  2. (1A)

    the FCA's decision-making procedure in cases where the PRA is required to seek the FCA's consent before approving an application (a) for Part 4A permission; (b) for the variation of a Part 4A permission; or (c) to perform a controlled function (see DEPP 2.5.7A G);5

  3. (1B)

    the FCA's decision-making procedure where it is deciding under section 391(1)(c) of the Act to publish information about the matter to which a warning notice relates (see DEPP 3.2.14A G to DEPP 3.2.14H G and DEPP 5.1.8KG to DEPP 5.1.8QG8);

  4. (2)

    the FCA's5 policy with respect to the imposition and amount of penalties under the Act (see DEPP 6);

  5. (2A)

    2the FCA's5 policy with respect to the imposition of suspensions, restrictions and disciplinary prohibitions7, and the period for which those sanctions7 are to have effect, under the Act (see DEPP 6A);

  6. (3)

    the FCA's5 policy with respect to the conduct of interviews by investigators appointed in response to a request from an overseas regulator 9 (DEPP 7);6

  7. (4)

    the FCA’s policy regarding the variation of an SMF manager’s approval on the FCA’s initiative under section 63ZB of the Act (see DEPP 8).6



The purpose of DEPP is to satisfy the requirements of sections 63C(1),2 63ZD(1),6 69(1), 88C(1), 89S(1),5 93(1), 124(1), 131FA,4 131J(1),2 169(9),3 192N(1), 210(1), 312J(1), 345D(1)5 and 395 of the Act that the FCA5 publish the statements of procedure or policy referred to in DEPP 1.1.1 G.