England and Wales commercial and regulatory procedures
When must a firm notify the FCA of a serious regulatory event?
Immediately for the applicable SUP 15.3 branch. Notify the FCA through the applicable route with sufficient information. Identify the exact notifiable matter and rule. Immediate notification is not a same-day midnight allowance or a zero-day arithmetic result. Other specific SUP duties can operate separately.
- Period
- Immediately for the applicable SUP 15.3 branch
- Trigger
- Awareness or information reasonably suggesting the specific notifiable matter
- Rule
- FCA Handbook sup15, SUP 15.3.1R, 15.3.11R and 15.7
FCA Handbook sup15, SUP 15.3.1R, 15.3.11R and 15.7. The retained source governs notify the FCA through the applicable route with sufficient information. Identify the exact notifiable matter and rule. Immediate notification is not a same-day midnight allowance or a zero-day arithmetic result. Other specific SUP duties can operate separately.
Source guide · No automated date
Check the applicable procedure
Identify the exact notifiable matter and rule. Immediate notification is not a same-day midnight allowance or a zero-day arithmetic result. Other specific SUP duties can operate separately. Use the actual awareness or information event. Do not substitute the date an investigation concludes. The actual awareness or information reasonably suggesting the specific notifiable matter and required completion must be established before using a final date.
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When must a firm notify the FCA of a serious regulatory event?
Immediately for the applicable SUP 15.3 branch. Notify the FCA through the applicable route with sufficient information. Identify the exact notifiable matter and rule. Immediate notification is not a same-day midnight allowance or a zero-day arithmetic result. Other specific SUP duties can operate separately.
Responsible actor. Firm within the relevant SUP notification rule.
Awareness or information reasonably suggesting the specific notifiable matter.
Identify the exact notifiable matter and rule. Immediate notification is not a same-day midnight allowance or a zero-day arithmetic result. Other specific SUP duties can operate separately.
Identify the exact notifiable matter and rule. Immediate notification is not a same-day midnight allowance or a zero-day arithmetic result. Other specific SUP duties can operate separately.
FCA Handbook sup15, SUP 15.3.1R, 15.3.11R and 15.7How does this provision count time?
- Notify the FCA through the applicable route with sufficient information.
- Use the actual awareness or information event. Do not substitute the date an investigation concludes.
- Identify the exact notifiable matter and rule. Immediate notification is not a same-day midnight allowance or a zero-day arithmetic result. Other specific SUP duties can operate separately.
Use the actual awareness or information event. Do not substitute the date an investigation concludes.
Use the actual awareness or information event. Do not substitute the date an investigation concludes. Identify the exact notifiable matter and rule. Immediate notification is not a same-day midnight allowance or a zero-day arithmetic result. Other specific SUP duties can operate separately.
FCA Handbook sup15, SUP 15.3.1R, 15.3.11R and 15.7Which facts prevent one automatic date?
Identify the exact notifiable matter and rule. Immediate notification is not a same-day midnight allowance or a zero-day arithmetic result. Other specific SUP duties can operate separately. Use the actual awareness or information event. Do not substitute the date an investigation concludes. The actual awareness or information reasonably suggesting the specific notifiable matter and required completion must be established before using a final date.
The firm within the relevant SUP notification rule has established the applicable procedure and awareness or information reasonably suggesting the specific notifiable matter. Identify the exact notifiable matter and rule. Immediate notification is not a same-day midnight allowance or a zero-day arithmetic result. Other specific SUP duties can operate separately. Notify the FCA through the applicable route with sufficient information. Immediately for the applicable SUP 15.3 branch. No computed final date is supplied.
A proposed completion raises a nonbusiness-day or time-boundary question for notify the FCA through the applicable route with sufficient information. Use the actual awareness or information event. Do not substitute the date an investigation concludes. Resolve this boundary under the identified provision and actual completion route. Use the actual awareness or information event. Do not substitute the date an investigation concludes.
A serious suspected breach is identified before disciplinary action is completed. Identify the exact notifiable matter and rule. Immediate notification is not a same-day midnight allowance or a zero-day arithmetic result. Other specific SUP duties can operate separately. Identify the exact notifiable matter and rule. Immediate notification is not a same-day midnight allowance or a zero-day arithmetic result. Other specific SUP duties can operate separately. No automatic final date follows from this scenario.
Which conditions and exceptions apply?
- Applicable procedure and actual event
- Identify the exact notifiable matter and rule. Immediate notification is not a same-day midnight allowance or a zero-day arithmetic result. Other specific SUP duties can operate separately.
- Counting and completion boundary
- Use the actual awareness or information event. Do not substitute the date an investigation concludes.
- Identify the exact notifiable matter and rule. Immediate notification is not a same-day midnight allowance or a zero-day arithmetic result. Other specific SUP duties can operate separately.
- Firm within the relevant SUP notification rule. Awareness or information reasonably suggesting the specific notifiable matter. Notify the FCA through the applicable route with sufficient information. Use the actual awareness or information event. Do not substitute the date an investigation concludes.
What must the responsible actor complete?
Questions about this procedure
When must a firm notify the FCA of a serious regulatory event?
Does immediately mean any time before midnight?
The rule does not grant that automatic waiting period.
FCA Handbook sup15, SUP 15.3.1R, 15.3.11R and 15.7Must a firm wait for final proof?
Applicable rules can arise from information reasonably suggesting the notifiable matter.
FCA Handbook sup15, SUP 15.3.1R, 15.3.11R and 15.7Is every notification governed by one SUP 15 period?
No. Identify the exact substantive notification provision.
FCA Handbook sup15, SUP 15.3.1R, 15.3.11R and 15.7Can disciplinary reporting replace serious-breach notification?
SUP 15.11.17G states that disciplinary reporting does not replace Principle 11 obligations.
FCA Handbook sup15, SUP 15.3.1R, 15.3.11R and 15.7Which event should be recorded?
When the firm became aware or obtained the relevant information.
FCA Handbook sup15, SUP 15.3.1R, 15.3.11R and 15.7Does the page compute a final day?
No. An immediate duty requires action on actual facts rather than a generic date count.
FCA Handbook sup15, SUP 15.3.1R, 15.3.11R and 15.7Official sources and review
Provisions used (1)
| Provision | Purpose |
|---|---|
| FCA Handbook sup15, SUP 15.3.1R, 15.3.11R and 15.7 | Check the identified procedure, event, counting rule or qualification |