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MIPRU 2.2 4Allocation of the responsibility for insurance distribution activity or MCD credit intermediation activity

4Responsibility for insurance distribution activity or MCD credit intermediation activity

MIPRU 2.2.1 R RP

A firm3, other than a sole trader, must allocate the responsibility for the firm'sinsurance distribution activity6 or MCD credit intermediation activity4 to a director or senior manager.

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[Note: article 3(1), eighth paragraph of the IDD6 and article 29(4)(a), first sentence, of the MCD.4]

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MIPRU 2.2.2 R RP
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MIPRU 2.2.3 G RP

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MIPRU 2.2.4 G RP

Where a firm has appointed an appointed representative to carry on insurance mediation activity or MCD credit intermediation activity4 on its behalf, the person responsible for the firm'sinsurance mediation activity or MCD credit intermediation activity4 will also be responsible for the insurance distribution activity6 or MCD credit intermediation activity4 carried on by an appointed representative.

MIPRU 2.2.5 G RP

The FCA will specify in the Financial Services Register the name of the persons to whom the responsibility for the firm'sinsurance distribution activity6 or MCD credit intermediation activity4 has been allocated. by inserting after the relevant controlled function the words "(insurance distribution6)" or “(MCD intermediation)”.4 In the case of a sole trader, the FCA will specify in the Financial Services Register the name of the sole trader as the 'contact person' in the firm.

MIPRU 2.3 Knowledge, ability and good repute [deleted]6

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