GEN TP 6 Transitional provisions applying to GEN only - status disclosure for temporary permission firms
1(1) |
(2) Material to which the transitional provision applies |
(3) |
(4) Transitional provision |
(5) Transitional provision: dates in force |
(6) Handbook provision: coming into force |
1 |
TP 6 2R and TP 6 3R. |
G |
The purpose of this transitional provision is to provide a period during which a TP firm can make arrangements to ensure it can comply with the status disclosure rules in GEN 4 that will apply to TP firms. |
From IP completion day up to and including 31 March 2021.3 |
|
2 |
The statutory status disclosures, as the case may be, in GEN 4 Annex 1B or Annex 1C that a TP firm has to comply with under GEN 4.3.1-A. |
R |
Subject to TP6 3R, a TP firm that is a PRA-authorised person or a TP firm that is an FCA-authorised person does not have to comply with the disclosures referred to in (2) during the period in (5). |
From IP completion day up to and including 31 March 2021.3 |
|
3 |
GEN 4.3.1 and the statutory status disclosures in GEN 4 Annex 1 and 1A that applied to incoming firms immediately before IP completion day2. |
R |
While TP 6 2R applies, a TP firm that is a PRA-authorised person or a TP firm that is an FCA-authorised person which does not comply with the statutory status disclosure rules referred to in TP 6 2R (2) must continue to comply with GEN 4.3.1 and, as the case may be, the status disclosure set out in GEN 4 Annex 1 or 1A that applied to it immediately before IP completion day2. |
From IP completion day up to and including 31 March 2021.3 |