GENE 4.1.5 Notice of certain events involving other regulators

(1) If an authorised firm becomes aware of an event to which this rule applies, the firm must tell the Regulatory Authority about the event immediately, but within 1 business day.
Examples

See examples to rule 4.1.3(1) on the meaning of "within 1 business day".
(2) This rule applies to the following events:
(a) an application by the authorised firm for, or for revocation of, an authorisation (however described) to conduct financial services in any jurisdiction outside the QFC is granted, refused or withdrawn (however described);
(b) an application by the firm for, or for revocation of, membership of any exchange or clearing house is granted, refused or withdrawn (however described);
(c) an overseas regulator starts an investigation (however described) into any of the firm's affairs;
(d) an overseas regulator appoints investigators (however described) to investigate any of the firm's affairs;
(e) disciplinary measures or sanctions (however described) are imposed on the firm by an overseas regulator, or any exchange or clearing house, in relation to its conduct of financial services.
Editorial changes (as from 1st January 2016).