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DTR 8.2 Approval as a primary information provider

Application for approval as a primary information provider

DTR 8.2.1R

A person wishing to be included on the list of primary information providers, must apply to the FCA for approval as a primary information provider by submitting the following to the FCA:

  1. (1)

    the name, registered office address, registered number and the names and addresses of the directors and company secretary of the person applying for approval and, where applicable, the corporate group to which the person belongs;

  2. (2)

    details of all the arrangements that it has established or it intends to establish with media operators in the United Kingdom and other EEA States for the dissemination of regulated information;

  3. (3)

    names, addresses, dates of birth and, where applicable, national insurance numbers, of its senior management;

  4. (4)

    details of the fees it proposes to charge persons in relation to the dissemination of regulated information;

  5. (5)

    a report by a reporting accountant qualified to act as an auditor confirming that in their opinion the person applying for approval as a primary information provider will be capable of satisfying the continuing obligations set out in DTR 8.4; and

  6. (6)

    the application fee set out in FEES 3.

DTR 8.2.2G

The report provided under DTR 8.2.1R (5) should state:

  1. (1)

    the opinion of the reporting accountant qualified to act as auditor as to the matters set out in DTR 8.4;

  2. (2)

    the significant areas tested in reaching that opinion; and

  3. (3)

    a summary of the work undertaken to address these areas and reach that opinion.

DTR 8.2.3R

A person wishing to be included on the list of primary information providers must also submit to the FCA:

  1. (1)

    all additional documents, explanations and information that the FCA may reasonably require to decide whether to grant an application for approval as a primary information provider; and

  2. (2)

    verification of any documents, explanations and information provided to the FCA in such a manner as the FCA may reasonably require under (1).

DTR 8.2.4G

When considering an application for approval as a primary information provider the FCA may carry out any enquiries and request any further information which it considers appropriate, including consulting other regulators.

[Note: The decision-making procedures that the FCA will follow when it considers whether to refuse an application for approval as a primary information provider are set out in DEPP.]

DTR 8.2.5G

Approval as a primary information provider becomes effective when the person is informed in writing by the FCA. The FCA will as soon as possible add the name of the person who has been approved as a primary information provider to the list of primary information providers.

Restrictions or limitations on approval

DTR 8.2.6G

The FCA may impose restrictions or limitations on the services a primary information provider may provide at the time of granting a primary information provider's approval.

[Note: A statutory notice may be required under section 89P of the Act. Where this is the case, the procedure for giving a statutory notice is set out in DEPP.]