Part II Financial Services Regulation, 14 Money Laundering and Financial Crime, Appendix I Financial Conduct Authority Handbook (Extracts)
George Walker, Robert Purves, Michael Blair
Edited By: Professor George Walker, Robert Purves
Senior Management Arrangements, Systems and Controls 1 Annex 1
1.1 R. ….
(3) for an incoming Treaty firm which has permission only for cross border services and which does not carry on regulated activities in the United Kingdom, SYSC 3.2.6AR to SYSC 3.2.6JG do not apply;
(4) for a sole trader:
(a) SYSC 2 applies but only if he employs any person who is required to be approved under section 59 of the Act (Approval for particular arrangements);