SUP 16.1 Application
This chapter applies to every firm within a category listed in column (2) of the table in SUP 16.1.3 R and in accordance with column (3) of that table.
22The directions and guidance in SUP 16.13 apply to an authorised payment institution and a small payment institution.
27The directions and guidance in SUP 16.15 apply to electronic money issuers that are not credit institutions.
31The directions and guidance in SUP 16.18 apply for the following types of AIFM:
- (1)
- (2)
an above-threshold non-EEA AIFM marketing in the UK; and
- (3)
a small non-EEA AIFM marketing in the UK.
The only categories of firm to which no section of this chapter applies are:
- (1)
an ICVC;
- (2)
an incoming EEA firm or incoming Treaty firm, unless it is:
- (a)
a firm of a type listed in SUP 16.1.3 R as a type of firm to which SUP 16.6,5 SUP 16.9,23 SUP 16.12, or SUP 16.142325 applies; or
2617 - (b)
an insurer with permission to effect or carry out life policies;
- (c)
a firm with permission to establish, operate or wind up a personal pension scheme or 14 a stakeholder pension scheme;3
14
- (a)
- (3)
Application of different sections of SUP 16 (excluding SUP 16.13, SUP 16.15, SUP 16.16 and SUP 16.17)6627
- (1)
This chapter contains requirements to report to the appropriate regulator66 on a regular basis. These requirements include reports relating to a firm's financial condition, and to its compliance with other rules and requirements which apply to the firm. Where the relevant requirements are set out in another section of the Handbook, this chapter contains cross references. An example of this is financial reporting for insurers and friendly societies.
66 - (2)
Where such requirements already apply to a firm under legislation other than the Act, they are not referred to in this chapter. An example of this is reporting to the appropriate regulator66by building societies under those parts of the Building Societies Act 1986 which have not been repealed.
66 - (3)
Requirements for individual firms reflect:
- (a)
the category of firm;
- (b)
the nature of business carried on;
- (c)
whether a firm has its registered office (or if it does not have a registered office, its head office) in the United Kingdom; 17
- (d)
whether a firm is an incoming EEA firm or incoming Treaty firm; and17
17 - (e)
- (a)
66Where a PRA-authorised person is required to notify or provide any information to (a) the appropriate regulator by a PRA Handbook provision and (b) the FCA by the equivalent provision in the FCA Handbook, the PRA-authorised person is expected to comply with both provisions.