Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

REC 3.19 Investigations

REC 3.19.1RRP

Where a UK recognised body becomes aware that a person has been appointed by any regulatory body (other than the FCA 2or a UK recognised body) to investigate:

2
  1. (1)

    any business transacted by means of its facilities or1

    2
  2. (2)

    any aspect of the clearing facilitation services2 which it provides;

    2

it must immediately give the FCA 2notice of that event.

2
REC 3.19.2GRP

A UK recognised body need not give the FCA 2notice of:

2
  1. (1)

    routine inspections or visits undertaken in the course of regular monitoring, complaints handling or as part of a series of 'theme visits'; or

  2. (2)

    routine requests for information; or

  3. (3)

    investigations into the conduct of members of the UK recognised body or of other users of its facilities where the use of its facilities is a small or incidental part of the subject matter of the investigation.