MIPRU 2.2 4Allocation of the responsibility for insurance distribution activity or MCD credit intermediation activity

4Responsibility for insurance distribution activity or MCD credit intermediation activity

MIPRU 2.2.1RRP

A firm3, other than a sole trader, must allocate the responsibility for the firm's insurance distribution activity6 or MCD credit intermediation activity4 to a director or senior manager.

3

[Note: article 3(1), eighth paragraph of the IDD6 and article 29(4)(a), first sentence, of the MCD.4]

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MIPRU 2.2.2RRP
6545

[deleted]7

MIPRU 2.2.3GRP

[deleted]7

MIPRU 2.2.5GRP

The FCA will specify in the Financial Services Register the name of the persons to whom the responsibility for the firm's insurance distribution activity6 or MCD credit intermediation activity4 has been allocated by inserting after the relevant controlled function the words "(insurance distribution6)" or “(MCD intermediation)”.4 In the case of a sole trader, the FCA will specify in the Financial Services Register the name of the sole trader as the 'contact person' in the firm.