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

SUP 8.1 Application and purpose

SUP 8.1.1R

This chapter applies to every:

  1. (1)

    firm or person who is subject to FSA rules 5that wishes to apply for, consent to, or has been given a modification of or waiver of the FSA's rules;

  2. (2)

    person, as respects a particular AUT or ICVC, who wishes to apply for, consent to, or has been given a modification of or waiver of the rules in COLL.

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SUP 8.1.1AGRP

This chapter is relevant to an applicant for a Part IV permission, as if that applicant were a firm. Where the chapter refers to usualsupervisory contact, the applicant should read this as being the usual contact in the Permissions Department. Further, this chapter is relevant to a person who is subject to rules made by the FSA and where the chapter refers to a firm, this includes that person5.1

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SUP 8.1.2GRP

A recognised body should see REC 3.3 for information on waivers of rules in REC under section 294 of the Act.

SUP 8.1.3GRP

This chapter is not relevant to the functions of the FSA acting in its capacity as the competent authority for the purposes of Part VI of the Act (Official Listing).

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Purpose

SUP 8.1.4GRP

This chapter explains how the regime for the waiver4 of rules works.

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