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SUP 15.1 Application

Who?

SUP 15.1.1G

This chapter applies to every firm except that:

  1. (1)

    only SUP 15.10 applies to2 an ICVC or a UCITS qualifier; and3

  2. (2)

    SUP 15.3.22 D to SUP 15.3.25 D apply only to the Society.3

SUP 15.1.2R

The application of this chapter to an incoming EEA firm or an incoming Treaty firm is set out in SUP 15 Annex 1.

SUP 15.1.3G

In some cases, the application of provisions set out in SUP 15 Annex 1 depends on whether responsibility is reserved to a Home State regulator.

5
SUP 15.1.3AG

7The guidance in SUP 15.13 applies to all CBTL firms whether or not they are also firms.

What?

SUP 15.1.4R

This chapter:

  1. (1)

    applies with respect to the carrying on of both regulated activities and unregulated activities; and

  2. (2)

    takes into account any activity of other members of a group of which the firm is a member.

Where?

SUP 15.1.5G

Firms are reminded that, unless expressly stated otherwise, where a rule or guidance includes a reference to a firm this includes all UK and overseas branches and representative offices of that firm, whether or not those branches or offices carry on any regulated activities.4

4
SUP 15.1.6R

4This chapter does not apply to an incoming ECA provider acting as such.

Relevant authorised persons6

SUP 15.1.7R

6The following apply only to relevant authorised persons:

  1. (1)

    SUP 15.2.5G (Purpose); and

  2. (2)

    SUP 15.11 (Notification of COCON breaches and disciplinary action).