Part

TC Training and Competence

Chapter

Application and Purpose

Printed on: 05/07/2024

Rulebook at: 01/07/2009

TC 1

Application and Purpose

TC 1.1

Who, what and where?

  • 01/11/2007

Who and what?

TC 1.1.1

handbook-rule
This sourcebook applies to a firm where its employee carries on an activity in TC App 1 for retail clients, customers or consumers (subject to the limitations set out in TC App 3).
  • 01/11/2007

Where?

TC 1.1.2

handbook-rule
The territorial scope of this sourcebook is set out in TC App 2.
  • 01/11/2007

Purpose

TC 1.1.3

handbook-guidance
The competent employees rule is the main Handbook requirement relating to the competence of employees. The purpose of this sourcebook is to support the FSA's supervisory function by supplementing the competent employees rule for retail activities.
  • 01/11/2007

Meaning of competence

TC 1.1.4

handbook-guidance
In this sourcebook, competence means having the skills, knowledge and expertise needed to discharge the responsibilities of an employee's role. This includes achieving a good standard of ethical behaviour.
  • 01/11/2007

TC 1.2

Actions for damages

  • 01/11/2007

TC 1.2.1

handbook-rule
A contravention of the rules in TC does not give rise to a right of action by a private person under section 150 of the Act (and each of those rules is specified under section 150(2) of the Act as a provision giving rise to no such right of action).
  • 01/11/2007