1This chapter applies to a firm with Part 4A permission to carry on insurance distribution activity3 or MCD credit intermediation activity.2

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.

1. (1)

   8The firm must notify the FCA in a timely manner of the allocation in MIPRU 2.2.1R in accordance with (2).

2. (2)

   Where the person allocated responsibility under MIPRU 2.2.1R, is:

   1. (a)

      a SMF manager, then notification must be made in the following way:

      1. (i)

         in Form A (Application to perform controlled functions) (see SUP 10C Annex 3D ), Form D (Notification: Changes to personal information/application details and conduct breaches/disciplinary action related to conduct) (see SUP 10C Annex 6R) or Form E (Internal transfer of a person performing a controlled function) (see SUP 10C Annex 7D ); and

      2. (ii)

         included in (as relevant):

         1. (A)

            a statement of responsibilities; or

         2. (B)

            revised statement of responsibilities sent to the FCA as described in SUP 10C.11.7D (Revised statements of responsibilities: Procedure); or

   2. (b)

      a Directory person, the notification is included in the Directory person report (see SUP 16 Annex 47AR (Directory persons report)); or

   3. (c)

      a person other than a person in (a) and (b), then notification may be emailed to ‘firm.queries@fca.org.uk’ or made using a method as set out in SUP 15.7.4R (Method of notification).