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Application provision

1.1 The changes to this rule are effective from 23:00 on 31/12/2020.

  1. (1) Unless otherwise stated, this Part applies to every firm except:
    1. (a) [deleted.]
    2. (b) a non-directive friendly society; and
    3. (c) a UK ISPV.
  2. (2) Chapter 5 (Annual Controllers Report) does not apply to a credit union.
  3. (3) The PRA directs that Chapter 2 (Obligations on Controllers) applies to persons required to give to the PRA a section 178 notice or a notice under section 191D of FSMA.

1.1

31/12/2020

The changes to this rule are effective from 23:00 on 31/12/2020.

  1. (1) Unless otherwise stated, this Part applies to every firm except:
    1. (a) [deleted.]
    2. (b) a non-directive friendly society; and
    3. (c) a UK ISPV.
  2. (2) Chapter 5 (Annual Controllers Report) does not apply to a credit union.
  3. (3) The PRA directs that Chapter 2 (Obligations on Controllers) applies to persons required to give to the PRA a section 178 notice or a notice under section 191D of FSMA.

1.2

19/01/2019

In this Part, the following definitions shall apply:

acquiring control

has the meaning given in section 181 of FSMA, read in conjunction with the Exemption Order.

Annual Controllers Report

means the report in the form approved by the PRA and made available on the PRA's website.

ceasing to have control

has the meaning given in section 183(3) of FSMA, read in conjunction with the Exemption Order.

change in control

means any situation amounting to acquiring control, ceasing to have control, increasing control, or reducing control.

controller

has the meaning given in section 422 of FSMA, read in conjunction with the Exemption Order.

Controller’s Form

means the relevant form approved by the PRA and made available on the PRA's website.

Exemption Order

means the Financial Services and Markets Act 2000 (Controllers) (Exemption) Order 2009 (SI 2009/774).

increasing control

has the meaning given in section 182 of FSMA, read in conjunction with the Exemption Order.

investment manager

has the meaning given in the FCA Handbook from time to time other than for the purposes of the part of the FCA Handbook in Specialist sourcebooks that has the title Listing Rules.

reducing control

has the meaning given in section 183(1) and (2) of FSMA, read in conjunction with the Exemption Order.

section 178 notice

has the meaning given in section 178(3) of FSMA.

UK domestic firm

means a firm that has its registered office (or, if it has no registered office, its head office) in the United Kingdom.