SUP 16.9 Appointed representatives annual report
Application
1The effect of SUP 16.1.1 R is that this section applies to every firm with a Part 4A permission6 to advise on investments, arrange (bring about) deals in investments, making arrangements with a view to transactions in investments, or arrange safeguarding and administration of assets.
6Purpose
1The purpose of the rules and guidance in this section is to ensure that, in addition to the notifications made under SUP 12.7 (Appointed representatives; notification requirements), the FCA6 receives regular and comprehensive information about the appointed representatives engaged by a firm, so that the FCA6 is in a better position to pursue the statutory objective5 of the protection of consumers.3
6666- (1)
- (2)
The report in (1) must contain a list of all the current appointed representatives of the firm as at the firm's5 accounting reference date.
66 - (3)
The report in (1) is not required if:
- (a)
the firm has no appointed representatives as at the firm's accounting reference date; and
- (b)
this is reflected in the relevant extract from the Financial Services Register.6
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- (a)
1If a group includes more than one firm, a single annual appointed representatives report may be submitted on behalf of all firms in the group. Such a report should contain the information required from all the firms, meet all relevant due dates, indicate all the firms on whose behalf it is submitted and give their Financial Services Register6 firm reference numbers. The requirement to provide a report, and the responsibility for the report remains with each firm in the group. 2
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