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Status: You are viewing the version of the handbook as on 2005-06-30.

GEN 4 Annex 1 Statutory status disclosure

R

Type of firm

Required disclosure (Note 5)

(1)

UK domestic firm; or overseas firm (which is not an incoming firm)

"Authorised and regulated by the Financial Services Authority" (Note 1)

(2)

Incoming firm without a top-up permission

(a) "Authorised by [name of Home State regulator]and regulated by the Financial Services Authority for the conduct of UK business" (Notes 1, 2, and 3)

(3)

Incoming firm with a top-up permission

"Authorised by [name of Home State regulator] and by the Financial Services Authority; regulated by the Financial Services Authority for the conduct of UK business"

(Notes 1, 2 and 3)

(4)

Appointed representative of a firm

"[Name ofappointed representative] is an appointed representative of [name of firm] which is [then continue with the required disclosure of the firm]"

(Note 4)

(5)

Society of Lloyd's

"Authorised under the Financial Services and Markets Act 2000"

Note 1 = A firm must use the formulation "Financial Services Authority" and not the abbreviated formulation "FSA".

Note 2 = An incoming firm is free to translate the name of its Home State regulator into English if it wishes. In doing so, it must ensure that the State in which the regulator is based is clear.

Note 3 = Anincoming firm may state the type of business that it conducts, for example, that it is regulated by the Financial Services Authority for the conduct of investment business in the UK.

Note 4 = If the appointed representative has more than oneprincipal, the disclosure must relate to the principal or principals responsible for the regulated activity or activities concerned.

Note 5 = Any firm listed in this table is permitted to add words to the relevant required disclosure statement but only if the firm has taken reasonable steps to satisfy itself that the presentation of its statutory status will, as a consequence, remain clear, fair and not misleading. For example, an authorised professional firm may wish to make it clear that it is also regulated by its professional body.