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Status: You are viewing the version of the handbook as on 2009-03-31.

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 non-directive firm43

4

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 non-directive firm43

4

all except SUP 11.3, SUP 11.4.2 R, 4 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, 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 FSA under Part XII of the Act (Notices of acquisitions of control4 over UK authorised persons4) because of The Financial Services and Markets Act 2000 (Controllers) (Exemption) Order 2009 (SI 2009/7744). (See SUP 11.3.2A G).21

444
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 11.1.5G

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