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FCA Handbook
SIFA
SIFA 5
SIFA 5.3 Where are the Principles in the Handbook?

SIFA 5.3 Where are the Principles in the Handbook?

SIFA 5.3.1G09/09/2005

The Principles are set out in the Principles for Businesses Sourcebook (PRIN). They can be found at Section 2.1 of PRIN and are also set out below:

The Principles
1.	Integrity: A firm must conduct its business with integrity.
2.	Skill, care and diligence: A firm must conduct its business with due skill, care and diligence.
3.	Management and control: A firm must take reasonable care to organise and control its affairs responsibly and effectively, with adequate risk management systems.
4.	Financial prudence: A firm must maintain adequate financial resources.
5.	Market conduct: A firm must observe proper standards of market conduct.
6.	Customers' interests: A firm must pay due regard to the interests of its customers and treat them fairly.
7.	Communications with clients: A firm must pay due regard to the information needs of its clients, and communicate information to them in a way, which is clear, fair, and not misleading.
8.	Conflicts of interest: A firm must manage conflicts of interest fairly, both between itself and its customers and between a customer and another client.
9.	Customers: relationships of trust: A firm must take reasonable care to ensure the suitability of its advice and discretionary decisions for any customer who is entitled to rely upon its judgement.
10.	Clients' assets: A firm must arrange adequate protection for client's assets when it is responsible for them.
11.	Relations with regulators: A firm must deal with its regulators in an open and co-operative way, and must disclose to the FSA appropriately anything relating to the firm of which the FSA would reasonably expect notice.