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If you have any queries concerning joint notification please email the Change in Control team.

 

This factsheet relates to specific questions in the controller forms where we think guidance is useful.

Joint Notifications

Applies to controller notifications regarding authorised firms only. It is not applicable to controllers of applicant firms.

If you are notifying us of more than one controller, then you can follow the steps detailed below:

  • only complete one Section 1 of a relevant controllers form
  • list all proposed controllers in question 1.2 of one form
  • all proposed controllers must complete all other sections in their relevant forms.

EEA information

EEA is the European Economic Area which is a trade area including all countries in the European Union and also Iceland, Liechtenstein and Norway.

If the controller is registered or based in the UK then this question is not relevant and you can answer 'No' in the relevant box and move on to the next question.

You only have to fill in this question if the controller is based in an EEA country other than the UK and it is an investment firm, credit institution, insurance firm, management company, or a parent of any of these. Detailed definitions of these types of firms can be found in FSMA Schedule 3 paragraph 5 and/or relevant EU Directives.

Below are brief descriptions of the directives mentioned in the question.

  • The Banking Consolidation Directive (BCD): this dates from March 2000 and relates to credit institutions and their freedom to provide services throughout the EEA.
  • Insurance Directives (Life or Non-Life): these consist of the First, Second and Third Life Directive, the Consolidated Life Directive and the First, Second and Third Non-Life Directive. The Directives collectively deal with the establishment of insurance branches and provision of insurance services throughout the EEA.
  • The Investment Services Directive: known as the ISD, it sets the legal framework for investment firms and securities markets in the EU, providing for a single passport for investment services. This effectively allows firms to provide services freely on the basis of their being authorised and supervised in their home country.
  • The UCITS Directive provides a set of EU wide rules governing collective investments schemes (in the UK unit trusts and oeics). Funds set up in accordance with these rules can be sold across the EU subject to local tax and marketing laws.