What if there is a conflict between my existing CIF certificate conditions, my FSB registration conditions and the FSB Codes of Practice?
Where an entity holds both a FSB registration and a CIF certificate (for example, for a general partner or trustee), the Commission would expect that, to the extent that there is any conflict between its CIF certificate conditions and equivalent requirements under the FSJL or FSB Codes of Practice, the latter should take precedence. This issue will be resolved as we proceed through the FSB licensing process by removing any CIF certificate conditions that are superseded by the FSB Codes of Practice, the FSJL or related Orders. Where there is uncertainty as to the combined effect of such conditions and the new regime, the Commission will promptly assist to resolve the situation.
