ENF 5.1 Application and purpose

This chapter applies to all firms that have a Part IV permission.

The chapter contains a statement of the FSA's policy on how it will use its own-initiative power to cancel a firm's Part IV permission. The FSA has related powers to vary a Part IV permission on its own-initiative and to intervene against incoming firms. These powers are dealt with in ENF 3 (Variation of Part IV permission on the FSA's own initiative) and ENF 4 (Intervention against incoming firms).