Content Options:

Add to favourites

View Options:

More Resources:

External link Handbook Publications

You are viewing the version of the document as on 2024-10-03.

representative

  1. (1) an individual who:83
  2. (a) is appointed by a firm, or by an appointed representative of a firm, to carry on any of the following activities:2628
    1. (i) advising on investments;2628
    2. (ii)61 providing basic advice on stakeholder products61;28
    3. (iii) arranging (bringing about) deals in investments;2628
    4. (iv) dealing in investments; or2628
  3. (b) although not appointed to do so, carries on any of the activities in (i) to (iii) on behalf of a firm or its appointed representative .26128
  4. 83(2) (in IPRU(INV) 13 in relation to designated investment business) an individual appointed by a provider firm or by an appointed representative or tied agent of that firm to carry out either or both of the following activities:
    1. (a) giving advice on investments to customers on the merits of packaged products offered by that firm (or any other provider firm within the same marketing group); or
    2. (b) arranging (bringing about) deals in investments in relation to those products.
  5. (3) In (2), a provider firm is a firm that is:
    1. (a) a product provider; or
    2. (b) a marketing group associate.