SYSC 15A.1 Application

Application

SYSC 15A.1.1R
SYSC 15A.1.2R
SYSC 15A.1.3R

1This chapter does not apply to a TP firm, a TA PI firm, TA RAISP firm or a TA EMI firm.

SYSC 15A.1.4R

1This chapter does not apply to a firm which has its registered office (or, if it has no registered office, its head office) outside the United Kingdom.

SYSC 15A.1.5R

1In this chapter, a reference to a client in relation to a UK RIE includes a person who is entitled, under an arrangement or agreement between them and that UK RIE, to use the UK RIE’s facilities.

SYSC 15A.1.6R

1In this chapter, a reference to a client in relation to a firm carrying on the activity of managing a UK UCITS or managing an AIF includes:

  1. (1)

    a unitholder; and

  2. (2)

    an investor in an AIF.

SYSC 15A.1.7R

1The requirements in this chapter apply with respect to:

  1. (1)

    regulated activities;

  2. (2)

    activities that constitute dealing in investments as principal, disregarding the exclusion in article 15 of the Regulated Activities Order (Absence of holding out etc.);

  3. (3)

    ancillary activities;

  4. (4)

    in relation to MiFID or equivalent third country business, ancillary services;

  5. (5)

    collective portfolio management;

  6. (6)

    the provision of payment services and the issuance of electronic money, and activities connected to the provision of payment services and to the issuing of electronic money (whether or not the activity of issuing electronic money is specified in article 9B of the Regulated Activities Order); and

  7. (7)

    any other unregulated activities, but only in a prudential context.

SYSC 15A.1.8R

1Notwithstanding SYSC 15A.1.7R, where the requirements in this chapter apply to a firm only as a result of SYSC 15A.1.1R(3), the requirements only apply to the provision of payment services and the issuance of electronic money by the firm, and activities connected to the provision of payment services and to the issuing of electronic money (whether or not the activity of issuing electronic money is specified in article 9B of the Regulated Activities Order).

SYSC 15A.1.9R

1There is no territorial limitation on the application of this chapter.