FCA Handbook - SYSC 1.4 Application of SYSC 12 to 28A

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SYSC 1.4 Application of SYSC 12 to 28A

The application of each of chapters SYSC 12 to SYSC 21 is set out in those chapters and in SYSC 1.4.1A R.

The application of each of the chapters SYSC 19F.2, SYSC 22 to SYSC 28A is set out in those chapters.

SYSC 12 and SYSC 21 do not apply to a firm in relation to its carrying on of auction regulation bidding.

Apart from SYSC 12, and SYSC 21 which are disapplied by SYSC 1.4.1A R, the other chapters of SYSC 12 to SYSC 14 do not apply in relation to a firm's carrying on of auction regulation bidding because they only apply to an insurer. SYSC 18 provides guidance on the Public Interest Disclosure Act. Other chapters of SYSC may not apply to auction regulation bidding, for example because an exempt MiFID commodities firm will not be a MIFIDPRU investment firm.

A contravention of a rule in SYSC 12 to SYSC 14, SYSC 18 to SYSC 21, SYSC 22.8.1R, SYSC 22.9.1R or SYSC 23 to SYSC 28A does not give rise to a right of action by a private person under section 138D of the Act (and each of those rules is specified under section 138D(3) of the Act as a provision giving rise to no such right of action).