Transitional Provisions and Schedules
PRIN TP 1
Transitional provisions
PRIN TP 1.1
| Material to which the transitional provision applies | Transitional Provision | Transitional Provision: dates in force | Handbook provision: coming into force | ||
| 1. | PRIN 1 Annex 1 R 1.2(2) | R | A firm need not comply with PRIN Ann 1R 1.2(2) in relation to an eligible counterparty if the client was correctly categorised as a market counterparty on 31 October 2007 and the firm complied with COB 4.1.12 R (2) (Large intermediate customer classified as market counterparty). | From 1 November 2007 indefinitely | 1 November 2007 |
- 01/04/2013
PRIN Sch 1
Record Keeping Requirements
- 01/12/2004
PRIN Sch 1.1
See Notes
| There are no record keeping requirements in PRIN. |
- 01/04/2013
PRIN Sch 2
Notification requirements
- 01/12/2004
PRIN Sch 2.1
See Notes
| The aim of the guidance in the following table is to give the reader a quick over-all view of the relevant requirements for notification and reporting. |
| It is not a complete statement of those requirements and should not be relied on as if it were. |
- 01/04/2013
PRIN Sch 2.2
See Notes
| Handbook reference | Matter to be notified | Contents of notification | Trigger event | Time allowed |
| Principle 11 (PRIN 2.1.1 R) | Anything relating to the firm of which the appropriate regulator would reasonably expect notice | Appropriate disclosure | Anything relating to the firm of which the appropriate regulator would reasonably expect notice | Appropriate |
- 01/04/2013
PRIN Sch 3
Fees and other required payments
- 01/12/2004
PRIN Sch 3.1
See Notes
| There are no requirements for fees or other payments in PRIN. |
- 01/04/2013
PRIN Sch 6
Rules that can be waived
- 01/12/2004
PRIN Sch 6.1B
See Notes
As a result of section 138A of the Act (Modification or waiver of rules) the PRA has power to waive all its rules, other than rules made under section 137O (Threshold condition code). However, if the rules incorporate requirements laid down in European directives, it will not be possible for the PRA to grant a waiver that would be incompatible with the United Kingdom's responsibilities under those directives.
- 01/04/2013