SY is acceptable provided you meet the requirements for glanding the braiding:
"Standard industrial plugs and sockets are, likewise, not generally designed to accommodate a steel braid. If it is felt that a steel braided flexible cable should be used because of the greater physical protection offered (such as SY type), then an appropriate plug / socket system must be used, with the appropriate gland and termination for the braid. These plugs are available from specialist suppliers. The braid needs to be bonded to earth."
https://www.voltimum.co.uk/articles/q-day-extensions-using-sy-braided-1
It also needs to be suitable for the environment in which it is used:
"should also not be applied to a floor in a working environment, unless covered and protected, the cable should be run around the parimeters and away from potential hazards.
Not governed by any specific standards and does not fall under BS7671 Standards.
SY cable can often be seen outdoors at events. This is not recommended in BS7909 2011, despite its widespread use.
BS7909 2011 recommends the use of HO7 RN-F cable for outside use.
Ref BS7909 2011 Code of Practice for Temporary Electrical Systems for entertainment and related purposes."
https://www.essentialsupplies.co.uk/6mm-sy-flexible-3-core-control-cable.html
SY clear sheathing also has very poor UV resistance. It's specifically a control cable, not a power cable.
Owain