Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

SYSC 24.1 Application

Main application rules

SYSC 24.1.1R

1This chapter applies to an SMCR firm, except to the extent that this chapter applies a narrower scope to a particular provision. However, this chapter does not apply to:2

  1. (1)

    an EEA SMCR firm; or2

  2. (2)

    a limited scope SMCR firm.2

SYSC 24.1.2R

1This chapter is not limited to regulated activities or other specific types of activities.

Territorial scope

SYSC 24.1.3R

1There is no territorial limitation on the application of this chapter, subject to SYSC 24.1.4R.

SYSC 24.1.4R

1When this chapter applies to an overseas SMCR firm, it applies in relation to the activities of the firm’s branch in the United Kingdom.