TC Sch 2 Notification requirements

TC 2.1.31 R

Notifications - issues relating to the competency and behaviour of retail investment advisers.

(1) Information about any circumstances relevant to the issue; and

(2) information about any steps which a firm has taken or intends to take to rectify the position or prevent any future potential occurrence.

Becoming aware, or having information which reasonably suggests that any of the following has occurred or may occur, and the event is significant:

As soon as reasonably practicable.

(1) a retail investment adviser, who has been assessed as competent for the purposes of TC 2.1.1 R, is no longer considered competent for the purposes of TC 2.1.1 R;

(2) a retail investment adviser has failed to attain an appropriate qualification within the time limit prescribed by TC 2.2A.1 R (1);

(3) a retail investment adviser has failed to comply with a Statement of Principle in carrying out his controlled function; and

(4) a retail investment adviser has performed an activity in TC Appendix 1 before having demonstrated the necessary competence for the purposes of TC 2.1.1 R and without appropriate supervision.

2TC 2.2B.3 R

Notifications - professional standards data

(1) The firm's name and Firm Reference Number;

(2) the names

and Individual Reference Numbers of the firm's employees who are retail investment advisers, including trainees;

(3) whether a retail investment adviser has attained an appropriate qualification;

(4) if a retail investment adviser has not attained an appropriate qualification, the date on which the employee began to carry on the activity of a retail investment adviser;

and

(5) the name of the accredited body used for the purposes of

TC 2.1.27 R.

The end of each quarter.

Within 20 business days of the end of the quarter, unless TC 2.2B.3 R (3) applies.