Where a managed entity opts not to comply with the FSB Codes of Practice in full, when do any conditions attaching to its registration start to apply?
Technically, the managed entity conditions cannot apply until such time as they are attached to the FSB registration. This obviously creates something of a gap for the time being therefore we are working on the MoME and managed entity registrations as a matter of priority. In the meantime, managed entities are advised to study and prepare to implement the standard conditions set out at point 13 above.
