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 25.8 Management responsibilities maps: Records

SYSC 25.8.1G

1A firm should consider past versions of its management responsibilities map as an important part of its records and as an important resource for the FCA in supervising the firm.

SYSC 25.8.2G

1Past versions of a firm’s management responsibilities map form part of its records under the regulatory system.

SYSC 25.8.3R
  1. (1)

    1This rule applies to a Solvency II firm (including a large non-directive insurer) to which SYSC 25.1.1R(2) (Main application rules) applies.

  2. (2)

    A firm must retain each version of its management responsibilities map for:

    1. (a)

      (in the case of a large non-directive insurer) six years; or

    2. (b)

      (in any other case) ten years;

    from the date on which it was superseded by a more up-to-date version.

  3. (3)

    A firm must be prepared to provide each version to the FCA on request for as long as the firm is required to retain it.