Transitional Provisions and Schedules
ENF TP1
Transitional provisions
ENF TP 1.1
Transitional provisions applying to the Enforcement manual
| (1) | (2) Material to which the transitional provision applies | (3) | (4) Transitional provision | (5) Transitional provision: Dates in force | (6) Handbook provision coming into force |
| 1 | ENF 13 Annex 1 G | G |
(1) Paragraph (2) applies to every firm except a firm which becomes authorised after 1 December 2001. (2)(a) Except for a firm within (b), the sum of all the annual fees invoiced for the period 1 April 2001 to 31 March 2002 (or any part for which the firm was authorised) by the firm'sprevious regulator or regulators is to be treated as the annual fee payable by the firm. (2)(b) In the case of a firm which was formerly regulated by a recognised professional body in respect of the carrying on of investment business under the Financial Services Act 1986, the annual fee last invoiced by the firm'srecognised professional body is to be treated as the annual fee payable by the firm. | Until the FSA has fully invoiced the firm in respect of its annual fee for the period 1 April 2002 to 31 March 2003 | Commencement |
| 2 | ENF | G | GEN contains some transitional provisions that apply throughout the Handbook and which are designed to ensure a smooth transition at commencement | From commencement | (Various dates) |
| 3 | ENF 13.5, ENF 13 Annex 1 G. | G |
The FSA will not impose financial penalties upon credit unions for the late submission of: (1) quarterly returns made up for quarters ending before 1 July 2003; (2) the complaints handling report for the period ending 31 March 2003. | from 1 October 2002 | commencement, but applying to credit unions from credit unionsday |
- 01/12/2004
ENF Sch 1
Record keeping requirements
- 01/12/2004
ENF Sch 1.1
See Notes
| There are no record keeping requirements in ENF |
- 01/12/2004
ENF Sch 2
Notification requirements
- 01/12/2004
ENF Sch 2.1
See Notes
| There are no notification or reporting requirements in ENF |
- 01/12/2004
ENF Sch 3
Fees and other required payments
- 01/12/2004
ENF Sch 3.1
See Notes
| There are no requirements for fees or other payments in ENF |
- 01/12/2004
ENF Sch 4
Powers exercised
- 01/12/2004
ENF Sch 4.1
See Notes
| The following powers in the Act have been exercised by the FSA to issue the statements of policy in ENF : | |
| Section 69 (Statement of policy) | |
| Section 124 (Statement of policy) | |
| Section 169(9) (Investigations etc in support of overseas regulator) | |
| Section 210 (Statement of policy) | |
| The following powers in the Act have been exercised by the FSA to give the guidance in ENF | |
| Section 157(1) (Guidance) | |
- 01/12/2004
ENF Sch 5
Rights of actions for damages
- 01/12/2004
ENF Sch 6
Rules that can be waived
- 01/12/2004