Home FCA Handbook SYSC SYSC 22 SYSC 22.1 Application
You are viewing SYSC 22.1 Application as of . SYSC 22.1 Application was last updated on 01/01/2021.

SYSC 22.1 Application

General application

03/06/2020R

This chapter applies to all SMCR firms.

07/12/2020G

SYSC TP 8.5.1R applies this chapter to certain claims management firms that are not SMCR firms.

Activities covered

07/03/2017G

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

Territorial scope and overseas firms

09/12/2019R

There is no territorial limitation on the application of this chapter, subject to SYSC 22.1.6R.

07/03/2017G

One effect of SYSC 22.1.3R is that the obligation to provide a reference can apply even if the employee worked in an overseas office of the employer.

01/01/2021R

For an overseas firm, SYSC 22.2.2R (Obligation to give references) only applies if the current or former employee in question (defined as “P” in SYSC 22.2.2R) is or was an employee of its branch in the United Kingdom and only relates to their activities as such.

07/03/2017R
  1. (1)

    In order to decide whether someone is an employee of a branch, the Glossary definition of employee is applied to the branch as if the branch and the firm of which it forms part were separate firms.

  2. (2)

    For the purpose of (1), paragraph (4A)(c) of the definition of employee (someone employed elsewhere in the group) does not apply.