Who should read this chapter
This chapter only applies to Enhanced firms, or firms intending to opt-up to the Enhanced tier of the regime.
Our proposals
12.1 This chapter contains our response to the feedback we received on the conversion approach we consulted on in CP17/40, including:
• mapping APR controlled functions to SMFs
• converting individuals at Enhanced firms
• our approach to new and in-flight applications by Enhanced firms
• our approach to Enhanced applicant firms
12.2 The final mapping of APR to SM&CR controlled functions at Enhanced firms is set out below.
Table 8: Function mapping for Enhanced firms [Firms should note that the CF30 - Customer Function will no longer be approved under the SM&CR and is therefore not available for conversion mapping.]
Feedback received
Function mapping for Enhanced firms
Q6: Do you have any comments on our proposed mapping of functions for Enhanced firms?
12.3 Most respondents agreed with our proposed mapping of fun
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