Reset to Today

To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004.

Content Options:

Add to favourites

View Options:

More Resources:

External link Handbook Publications

SUP 12.7 Notification requirements

4Notification of appointment of an appointed representative

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

    1. (a)

      if the appointment covers insurance mediation activities and the appointed representative is not included on the Register as carrying on such activities in another capacity before (see SUP 12.4.9 G); or4

    2. (b)

      (otherwise) not more than ten business days after;4

    the appointed representative begins to carry on regulated activities under the contract.4

  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;

  4. (4)

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

  5. (5)

    where the appointed representative is not an individual, the name of the individuals who are responsible for the management of the business carried on by the appointed representative so far as it relates to insurance mediation activity.

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.

Notification of changes in information given to the FSA4

SUP 12.7.7RRP
  1. (1)

    If:4

    34
    1. (a)
      1. (i)

        the scope of appointment of an appointed representative is extended to cover insurance mediation activities for the first time; and42

      2. (ii)

        the appointed representative is not included on the Register as carrying on insurance mediation activities in another capacity; or42

    2. (b)

      the scope of appointment of an appointed representative ceases to include insurance mediation activity;42

    the appointed representative's principal must give written notice to the FSA of that change before the appointed representative begins to carry on insurance mediation activities under the contract (see SUP 12.4) or as soon as the scope of appointment of the appointed representative ceases to include insurance mediation activity.42

  1. (2)

    Wherethere is a change in any of the information provided to the FSA under SUP 12.7.1R, 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.4

    3
  2. (3)

    A firm's notification under (1) and (2) must be given to a member of or addressed for the attention of the Monitoring and Notifications Department at the address given in SUP 12.5.7 R4.

Notification of changes in conditions of appointment4

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,SUP 12.4.6 R or SUP 12.4.8A R4 (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