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SUP 12.7 Notification requirements

SUP 12.7.1RRP
  1. (1)

    A firm which appoints an appointed representative must complete and submit to the FSA the form in SUP 12 Annex 3 (Appointed representative appointment form) in accordance with the instructions on the form and not more than ten business days after the date the appointment takes effect.3

  2. (2)

    [deleted]3

SUP 12.7.2GRP

A firm's notice under SUP 12.7.1 R should give details of the appointed representative and the regulated activities which the firm is, or intends to, carry on through the appointed representative, including:

  1. (1)

    the name of the firm's new appointed representative (if the appointed representative is a body corporate, this is its registered name);

  2. (2)

    any trading name under which the firm's new appointed representative carries on a regulated activity in that capacity;

  3. (3)

    a description of the regulated activities which the appointed representative is permitted or required to carry on and for which the firm has accepted responsibility; and

  4. (4)

    any restrictions imposed on the regulated activities for which the firm has accepted responsibility.

SUP 12.7.3GRP

A firm need not notify the FSA of any restrictions imposed on the regulated activities for which the firm has accepted responsibility (under SUP 12.7.2 G (4)) if the firm accepts responsibility for the unrestricted scope of the regulated activities.

SUP 12.7.3AGRP

Where a notification is linked to an application for approval under section 59 of the Act (Approval for particular arrangements), see SUP 10.12.4A G.1

SUP 12.7.4G
  1. (1)

    [deleted]3

  2. (2)

    [deleted]3

SUP 12.7.5GRP

To contact the Authorisation and Approvals Department (Authorisation teams):

  1. (1)

    telephone on 020 7066 1000; fax on 020 7066 1099; or

  2. (2)

    write to: Authorisation and Approvals Department (Authorisation teams), The Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS; or

  3. (3)

    email appreps@ fsa.gov.uk.

SUP 12.7.6G

When the FSA receives the notification under SUP 12.7.1 R, it will update the firm's entry in the FSA Register to include public information about the firm's appointed representative.

SUP 12.7.7RRP
  1. (1)

    Where there is a change in any of the information provided to the FSA under SUP 12.7.1 R, a firm must complete and submit to the FSA the form in SUP 12 Annex 4 (Appointed representative notification form) in accordance with the instructions on the form and within ten business days of that change being made or, if later, as soon as the firm becomes aware of the change. The Appointed representative notification form must state that the information has changed.3

  1. (2)

    [deleted]3

SUP 12.7.8RRP
  1. (1)

    As soon as a firm has reasonable grounds to believe that any of the conditions in SUP 12.4.2 R, or SUP 12.4.6 R (as applicable) are not satisfied, or are likely not to be satisfied, in relation to any of its appointed representatives, it must complete and submit to the FSA the form in SUP 12 Annex 4 (Appointed representative notification form), in accordance with the instructions on the form.3

  2. (2)

    In its notification under SUP 12.7.8 R (1), the firm must state either:

    1. (a)

      the steps it proposes to take to rectify the matter; or

    2. (b)

      the date of termination of its contract with the appointed representative (see SUP 12.8).

  3. (3)

    [deleted]3