Schedule 6, Part 1B, paragraph 2C(1)

A must be capable of being effectively supervised by the FCA having regard to all the circumstances including— the nature (including the complexity) of the regulated activities that A carries on or seeks to carry on; the complexity of any products that A provides or will provide in carrying on those activities; the way in which A’s business is organised; if A is a member of a group, whether membership of the group is likely to prevent the FCA’s effective supervision of A; whether A is subject to consolidated supervision required under any relevant implementing provisions; if A has close links with another person (“CL”)— the nature of the relationship between A and CL, whether those links are or that relationship is likely to prevent the FCA’s effective supervision of A, and if CL is subject to the laws, regulations or administrative provisions of a country or territory outside the United Kingdom (“the foreign provisions”), whether those foreign provisions, or any deficiency in their enforcement, would prevent the FCA’s effective supervision of A.

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Source: legislation.gov.uk · retrieved 2026-09-04