SIFA 12
Reporting and notifications
SIFA 12.1
Reporting requirements
- 01/12/2004
SIFA 12.1.1
See Notes
- 09/09/2005
SIFA 12.1.2
See Notes
- 09/09/2005
SIFA 12.1.3
See Notes
- 09/09/2005
Submission of reports
SIFA 12.1.4
See Notes
Report | Frequency report is required | Relevant section in the Handbook | Method of Reporting |
RMAR
Adequate information relating to the following activities (1)
Insurance mediation
(2)
mortgage mediation
(3)
retail investment
| Half yearly - 30 business days after reporting period end. The reporting periods are the six months following and the six months preceding the firm's accounting reference date. | SUP 16.7.76 R | via Firms Online |
Complaints report | Half yearly - 30 business days after reporting period end. The reporting periods are the six months following and the six months preceding the firm's accounting reference date. A nil return is required. | DISP 1.5.6 R | Via Firms Online (see chapter 11.2) |
- 09/09/2005
SIFA 12.1.5
See Notes
- 09/09/2005
Frequency and Timing of returns
SIFA 12.1.6
See Notes
- 09/09/2005
SIFA 12.1.7
See Notes
- 09/09/2005
SIFA 12.1.8
See Notes
A firm with an ARD of 31 March would have the following reporting periods:
- 09/09/2005
SIFA 12.1.9
See Notes
- 09/09/2005
SIFA 12.1.10
See Notes
- 09/09/2005
Where Will You Find The Reports
SIFA 12.1.11
See Notes
- 09/09/2005
Other Reports
SIFA 12.1.12
See Notes
Report | Frequency report is required | Relevant section in the Handbook | Method of reporting |
Pension transfer and opt-outs
| Every six months - no specific start date. •A nil return not required.•There are related quarterly reports required.
| COB 5.3.26 R (1) and COB 5.3.26 R (1A) | No standard form - please write to us |
- 09/09/2005
Pension Transfer and Opt-Out Report
SIFA 12.1.13
See Notes
- 09/09/2005
SIFA 12.1.14
See Notes
- 09/09/2005
SIFA 12.1.15
See Notes
- 09/09/2005
Where are the relevant Handbook sections?
SIFA 12.1.16
See Notes
- 09/09/2005
How do you submit the reports to us?
SIFA 12.1.17
See Notes
- 09/09/2005
SIFA 12.1.18
See Notes
- 09/09/2005
Other issues
SIFA 12.1.19
See Notes
The following sections are also relevant: | |
• | 'Complaints reporting to the FSA' - Chapter 11.2 |
• | 'Notifications' - Chapter 12.2 |
• | PRIN 2.1 in the Handbook |
If you do mortgage or general insurance business you should also refer to MIGI 11. |
- 09/09/2005
SIFA 12.2
Notifications
- 01/12/2004
SIFA 12.2.1
See Notes
A. Matters having a serious regulatory impact:
Your firm must let us know immediately when it becomes aware, or has information that reasonably suggests, that any of the following has occurred, may have occurred or may occur in the foreseeable future: | |
1. | If your firm fails to satisfy one or more of the threshold conditions (see paragraph 6.3.1 of the Guide). |
2. | Any matter that could have a significant adverse impact on your firm's reputation. |
3. | Any matter that could affect your firm's ability to continue providing adequate services to customers and which could result in serious detriment to a customer of the firm. |
4. | Any matter in respect of your firm that could result in serious financial consequences to the financial system or to other firms. |
B. Communications with us in line with Principle 11:
Compliance with Principle 11 includes but is not limited to giving the FSA notice of: | |
1. Any proposed restructuring, reorganisation or business expansion, which could have a significant impact on your firm's risk profile or resources, including but not limited to: | |
Starting to provide a new product or service (you may need to apply for a variation of Part IV permission). | Ceasing to undertake a regulated or ancillary activity, or significantly reducing the scope of such activities. (You may need to apply for a variation of Part IV permission). |
Entering into, or significantly changing, a material outsourcing arrangement. | Any change in your firm's prudential category. |
2. Any significant failure of your firm's systems or controls (including those reported to your firm by your auditor - if applicable). | |
3. Any action that your firm proposes to take which would result in a material change in its capital adequacy or solvency including, but not limited to: | |
Any action that would result in a material change in your firm's financial resources or financial resources requirement. | A material change resulting from the payment of a special or unusual dividend or the repayment of share capital or a subordinated loan. |
4. Significant breaches of rules or other requirements under FSMA.
|
C. There are certain pieces of core information where we need you to give us reasonable advance notice if there is going to be a change:
Notification | Supervision sourcebook (SUP) reference |
A change in your firm's name. | SUP 15.5.1 R |
A change in address (to the principal place of business). | SUP 15.5.4 R |
A change to the legal status of your firm. (You may be required to send us a new application for Part IV permission). | SUP 15.5.5 R |
A change to supervision by an overseas regulator. | SUP 15.5.7 R |
D. General notification requirements:
Notification | Supervision sourcebook (SUP) reference |
Breaches of rules and other requirements in or under FSMA. | SUP 15.3.11 R |
Civil, criminal or disciplinary proceedings against a firm. | SUP 15.3.15 R |
Fraud, errors and other irregularities. | SUP 15.3.17 R |
Insolvency, bankruptcy and winding up. | SUP 15.3.21 R |
E. Other notification requirements:
Notification | Handbook reference |
Change of accounting reference date. | SUP 16.3.17 R |
Change of controller. | SUP 11.3 |
Approved persons: employees who start performing controlled functions (CFs), those who change or add CFs or those who cease performing CFs. (There are standard forms to use called 'Approved persons regime forms'). | SUP 10.11 - SUP 10.13 |
Change of auditor. | SUP 3.3 |
Financial issues, such as professional indemnity insurance cover being refused or cancelled. | IPRU(INV) 13.1.9 R |
- 09/09/2005
When should you notify us?
SIFA 12.2.2
See Notes
- 09/09/2005
How do you notify us?
SIFA 12.2.3
See Notes
- 09/09/2005
SIFA 12.2.4
See Notes
- 09/09/2005
SIFA 12.2.5
See Notes
- 09/09/2005
SIFA 12.2.6
See Notes
- 09/09/2005
Where are the relevant Handbook sections?
SIFA 12.2.7
See Notes
- 09/09/2005
Other considerations
SIFA 12.2.8
See Notes
- 09/09/2005
SIFA 12.2.9
See Notes
- 09/09/2005
SIFA 12.2.10
See Notes
The following sections are also relevant: | |
• | 'Authorisation' - Chapter 6 |
• | 'Complaints reporting to the FSA' - Chapter 11.2 |
• | 'Reporting requirements' - Chapter 12.1 |
• | Threshold Conditions sourcebook (COND) |
• | PRIN 2.1 in the Handbook |
If you do mortgage or general insurance business you should also refer to MIGI 11. |
- 09/09/2005
SIFA 12.3
Change of controller
- 09/09/2005
SIFA 12.3.1
See Notes
- 09/09/2005
SIFA 12.3.2
See Notes
- 09/09/2005
SIFA 12.3.3
See Notes
- 09/09/2005
SIFA 12.3.4
See Notes
- 09/09/2005
SIFA 12.3.5
See Notes
- 09/09/2005
SIFA 12.3.6
See Notes
- 09/09/2005
SIFA 12.3.7
See Notes
- 09/09/2005
SIFA 12.3.8
See Notes
- 09/09/2005
SIFA 12.4
Change in legal entity
- 09/09/2005
SIFA 12.4.1
See Notes
- 09/09/2005
SIFA 12.4.2
See Notes
- 09/09/2005