The purpose of the guidance (other than in REC 6A) 2in this sourcebook is to give information on the recognised body requirements.3 The purpose of the guidance3 in REC 6A is to give EEA market operators information about their passporting rights in the United Kingdom2. Explanations of the purposes of the rules in this sourcebook are given in the chapters concerned.2233
Most of the provisions in this sourcebook are marked with a G (to indicate guidance) or an R (to indicate a rule). Quotations from UK 2statute or statutory instruments are marked with the letters "UK"2 unless they form part of a piece of guidance. Quotations from the directly applicable MiFID Regulation are marked with the letters "EU". 2For a discussion of the status of provisions marked with a letter, see Chapter 6 of the Reader's Guide.21
Where the guidance states that the FCA4 may have regard to any factor in assessing or determining whether a recognised body requirement3 is satisfied, 2it means that the FCA4 will take that factor into account so far as it is relevant.4234
In determining whether a recognised body satisfies the recognised body requirements,3 the FCA4 will have regard to any relevant factor, including, but not limited to, the factors specifically discussed in the guidance.134
This sourcebook contains quotations from the Act, the Recognition Requirements Regulations, the RAP regulations3 and the Companies Act 1989 and the MiFID Regulation 2and, where necessary, words have been added to, or substituted for, the text of these provisions to facilitate understanding.
The additions and substitutions are enclosed in square brackets ([ ]). The omission of words within a quotation is indicated by three dots (...).
- (4) 4
- (5) 42