Home FCA Handbook SYSC SYSC 24 SYSC 24.1 Application
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SYSC 24.1 Application

Main application rules

09/12/2019R

This chapter applies to an SMCR firm, except to the extent that this chapter applies a narrower scope to a particular provision. However, this chapter does not apply to:

  1. (1)

    an EEA SMCR firm; or

  2. (2)

    a limited scope SMCR firm.

10/12/2018R

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

Territorial scope

10/12/2018R

There is no territorial limitation on the application of this chapter, subject to SYSC 24.1.4R.

10/12/2018R

When this chapter applies to an overseas SMCR firm, it applies in relation to the activities of the firm’s branch in the United Kingdom.