GENE 8.1.1 Introduction

This Chapter is about:

(a) the controllers of applicants for authorisation and authorised firms, and the entities with which such applicants and firms have close links;
(b) the obligations and procedures relating to first becoming such a controller, and to increasing, decreasing and ceasing control; and
(c) the systems and controls that a firm must have, and the reports it must make, relating to its controllers and the entities with which it has close links.
Note Under rule 2.3.1, the connection of an applicant or authorised firm with its controllers, and the persons with which an applicant or firm has close links, are matters to be considered in determining an applicant's or firm's fitness and propriety.
Amended by RM/2018-4 (as from 1st August 2018).