The first condition is that the person, in relation to the activity:
has permission; or
is an exempt person; or
is an exempt professional firm; or
- (6) 1
A firm should:
before using the services of the intermediary, check:
the FSA Register; or
for the status of the
use the services of that person only if the relevant register indicates that the person is registered for that purpose.
Checking the FSA Register before using the services of the intermediary and using the services of that person only if the FSA Register indicates that the person is registered for that purpose may be relied on as tending to establish that:
In relation to insurance mediation carried on by an EEA firm, checking the register of the firm's Home State regulator and using the services of the EEA firm only if the register indicates that the firm is registered for that purpose may be relied on as tending to establish that the firm is registered for the purposes of the IMD.
The second condition is that the firm takes all reasonable steps to ensure that the person that it uses in relation to the activity, is not, directly or indirectly, carrying out the activity as a consequence of the activities of another person which:
In order to comply with the second condition, a firm may rely on a confirmation provided by the other person in writing if: