SUP 16.14A Safeguarding return: safeguarding institutions

This section applies to safeguarding institutions.

The purpose of the rules and guidance in this section is to ensure that the FCA receives regular and comprehensive information from a safeguarding institution about its safeguarding of relevant funds.

1. (1) Subject to (3), a safeguarding institution must submit a safeguarding return to the FCA within 15 business days of the end of each month.

2. (2) In this rule, ‘month’ means a calendar month.

3. (3) A safeguarding institution is not required to submit a safeguarding return in respect of a month during which it becomes a safeguarding institution.

A safeguarding return must be submitted by electronic means made available by the FCA.

The following provisions apply to the submission of safeguarding returns as if references to firms were references to safeguarding institutions:

(1) SUP 16.3.11R (Complete reporting);

(2) SUP 16.3.13R (Timely reporting), other than paragraph (4); and

(3) SUP 16.3.14R (Failure to submit reports).