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SUP 11.1 Application

Application to firms

SUP 11.1.1R

This chapter applies to every firm except:

  1. (1)

    an ICVC;

  2. (2)

    an incoming EEA firm;

  3. (3)

    an incoming Treaty firm;

  4. (4)

    [deleted]

  5. (5)

    a sole trader;

  6. (6)

    a UCITS qualifier;

as set out in the table in SUP 11.1.2 R.2

SUP 11.1.2R

Applicable sections (see SUP 11.1.1 R)

Category of firm

Applicable sections

(1)

A UK domestic firm other than a building society, a non-directive friendly society5, a non-directive firm45or (in the case of an FCA-authorised person) a firm with only a limited permission3

54

All except SUP 11.3, SUP 11.4.2A R and SUP 11.4.4 R3

(1A)

A building society

(a) In the case of an exempt change in control (see Note), SUP 11.1, SUP 11.2 andSUP 11.9

(b) In any other case, all except SUP 11.3 andSUP 11.4.4 R3

6

(2)

A non-directive friendly society

SUP 11.1, SUP 11.2, and SUP 11.9

(2A) 3

A non-directive firm43

4

all except SUP 11.3, SUP 11.4.2 R, 4 and SUP 11.4.4 R3

5(2B)

(In the case of an FCA-authorised person) a firm with only a limited permission

All except SUP 11.3, SUP 11.4.2 R , and SUP 11.4.4 R

(3)

An overseas firm

All except SUP 11.3, SUP 11.4.2 R, SUP 11.4.2A R, 4, SUP 11.4.9 G, SUP 11.5.8 G to SUP 11.5.10 G, SUP 11.6.2 R, SUP 11.6.3 R, 4, SUP 11.73

Note

In row (1A), a change in control is exempt if the controller or proposed controller is exempt from any obligation to notify the appropriate regulator6 under Part XII of the Act (Control Over Authorised Persons6) because of The Financial Services and Markets Act 2000 (Controllers) (Exemption) Order 2009 (SI 2009/7744). (See SUP 11.3.2A G).21

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Application to controllers

SUP 11.1.4D