9For a common platform firm:
the MiFID Org Regulation applies, as summarised in SYSC 1 Annex 1 3.2G, SYSC 1 Annex 1 3.2-AR and SYSC 1 Annex 1 3.2-BR; and
the rules and guidance in the table below apply:
Subject |
Applicable rule or guidance |
Provision of services |
|
Identifying conflicts |
|
Types of conflicts |
|
Managing conflicts |
|
Conflicts policy |
The table below sets out how DISP 1.1A applies to MiFID complaints relating to:
the activities of a MiFID investment firm carried on from an establishment in the United Kingdom;
the equivalent business of a third country investment firm where the complaint is received from a retail client or an elective professional client;
activities carried on from a branch of a UK firm in another EEA State; and
activities carried on from a branch of an EEA firm in the United Kingdom.
Table: Application of DISP 1.1A to the MiFID business of firms in the UK, and the equivalent business of third country investment firms, branches of UK firms and UK branches of EEA firms
(1) Provision |
(2) Provision applies to the MiFID business of a firm carried on from an establishment in the UK? |
(3) Provision applies to the equivalent third country business of a third country investment firm where the complaint is received from a retail client or an elective professional client? |
(4) Provision applies to a branch of a UK firm in another EEA State? |
(5) Provision applies to a branch of an EEA firm in the UK? |
1.1A.10EU |
Yes |
Yes |
Yes |
Yes |
1.1A.11R |
Yes |
Yes |
No |
Yes |
1.1A.12EU |
Yes |
Yes |
Yes |
Yes |
1.1A.13EU |
Yes |
Yes |
Yes |
Yes |
1.1A.14G |
Yes |
Yes |
Yes |
No |
1.1A.15G |
Yes |
Yes |
Yes |
No |
1.1A.16EU |
Yes |
Yes |
Yes |
Yes |
1.1A.17EU |
Yes |
Yes |
Yes |
Yes |
1.1A.18EU |
Yes |
Yes |
Yes |
Yes |
1.1A.19G |
Yes |
Yes |
Yes |
No |
1.1A.20R |
Yes |
Yes |
No |
Yes |
1.1A.21G |
Yes |
Yes |
No |
Yes |
1.1A.22R |
Yes |
Yes |
No |
No |
1.1A.23R |
Yes |
Yes |
No |
Yes |
1.1A.24EU |
Yes |
Yes |
Yes |
Yes |
1.1A.25EU |
Yes |
Yes |
Yes |
Yes |
1.1A.26R |
Yes |
Yes |
No |
Yes |
1.1A.27G |
Yes |
Yes |
No |
Yes |
1.1A.28R |
Yes |
Yes |
No |
Yes |
1.1A.29EU |
Yes |
Yes |
Yes |
Yes |
1.1A.30EU |
Yes |
Yes |
Yes |
Yes |
1.1A.31R |
Yes |
Yes |
No |
Yes |
1.1A.32G |
Yes |
Yes |
No |
Yes |
1.1A.33G |
Yes |
Yes |
No |
Yes |
1.1A.34G |
Yes |
Yes |
No |
Yes |
1.1A.35R |
Yes |
Yes |
No |
Yes |
1.1A.36R |
Yes |
Yes |
No |
Yes |
1.1A.37EU |
Yes |
Yes |
Yes |
Yes |
1.1A.38EU |
Yes |
Yes |
Yes |
Yes |
1.1A.39R |
Yes |
Yes |
No |
Yes |
1.1A.40R |
Yes |
Yes |
No |
No |
1.1A.41G |
Yes |
Yes |
No |
No |
1.1A.42R |
No |
No |
Yes |
No |
Notes |
||||
(1) The provisions marked “EU” in the table are ‘directly applicable’ which means they apply to all MiFID investment firms in relation to MiFID complaints by virtue of the MiFID Org Regulation. |
||||
(2) This table should be read in conjunction with the rules and guidance in DISP 1.1A.1R to DISP 1.1A.6R. |
||||
Subject to CASS 11.1.6 R, only the rules and guidance in the debt management client money chapter listed in the table below apply to CASS small debt management firms.
Reference |
Rule |
Application |
|
Firm classification |
|
Responsibility for CASS operational oversight |
|
Definition of client money and discharge of fiduciary duty |
|
Organisational requirements |
|
Statutory trust |
|
Selecting an approved bank at which to hold client money |
|
Client bank account acknowledgement letters |
|
Segregation and the operation of client money accounts |
|
Payments to creditors |
|
CASS 11.11.1 R to CASS 11.11.12 R , CASS 11.11.30 R and CASS 11.11.32 G |
Records, accounts and reconciliations |
CASS 11 resolution pack |
|
Client money distribution in the event of a failure of a firm or approved bank |
