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Status: You are viewing the version of the handbook as on 2005-06-30.

SUP 11.1 Application

Application to firms

SUP 11.1.1RRP

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 11.1.2RRP

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 society or a UK insurance intermediary3

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, R andSUP 11.4.4 R3

(2)

A non-directive friendly society

SUP 11.1, SUP 11.2, and SUP 11.9

(2A) 3

A UK insurance intermediary3

all except SUP 11.3, SUP 11.4.2 R, SUP 11.4.3 G and SUP 11.4.4 R3

(3)

An overseas firm

All except SUP 11.3, SUP 11.4.2 R, SUP 11.4.2A R, SUP 11.4.3 G, 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, SUP 11.6.6 G, 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 FSA under Part XII of the Act (Control over Authorised Persons) because of The Financial Services and Markets Act 2000 (Controllers) (Exemption) (No 2) Order 2001 (SI 2001/3338). (See SUP 11.3.2A G).21

SUP 11.1.3G

This chapter may apply to directive friendly societies in the circumstances described in SUP 16.4.2 G (1) to (3).1

Application to controllers

SUP 11.1.4D

SUP 11.1, SUP 11.2.1 G, SUP 11.33and SUP 11.7 apply to a controller or a proposed controller of a UK domestic firm not listed in SUP 11.1.1 R (1) to SUP 11.1.1 R (6).

SUP 11.1.5G

This chapter may apply to controllers and proposed controllers of directive friendly societies in the circumstances described in SUP 16.4.2G (1) to (3).1