MLR3C2141 - Legislation: A business has more than one supervisor

Under the regulations where a business would have more than one supervisor the supervisors can agree that one of them will act as the supervisor for that business.

FCA has agreed to supervise any HVDs that are also Annexe I Financial Institutions.

FCA has agreed to supervise any ASPs that are not members of the named professional bodies which are listed in Annexe 1 Financial Institutions as listed in schedule 2 MLRs 2017 registered with FCA.