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SUP 16.9 Appointed representatives annual report

Application

Purpose

SUP 16.9.2G

1The purpose of the rules and guidance in this section is to ensure that, in addition to the notifications made under SUP 12.7 (Appointed representatives; notification requirements), the FCA4 receives regular and comprehensive information about the appointed representatives engaged by a firm, so that the FCA4 is in a better position to pursue thestatutory objective4 of the protection of consumers.3

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SUP 16.9.3R
  1. (1)

    1A firm must:

    1. (a)

      submit a report to the FCA4 annually, in the form of an amended copy of the relevant extract from the Financial Services Register,4 containing the information in (2);3

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    2. (b)

      submit the report in (1) to the FCA4 within four months of the firm's accounting reference date.4

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  2. (2)

    The report in (1) must contain a list of all the current appointed representatives of the firm as at thefirm's accounting reference date4.

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  3. (3)

    The report in (1) is not required if:

    1. (a)

      the firm has no appointed representatives as at the firm's accounting reference date; and

    2. (b)

      this is reflected in the relevant extract from the Financial Services Register.4

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SUP 16.9.4G

1The Financial Services Register4 is maintained under section 347 of the Act (The record of authorised persons, etc.) and may be viewed at the FCA's4 website.

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SUP 16.9.5G

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SUP 16.9.6G

1If a group includes more than one firm, a single annual appointed representatives report may be submitted on behalf of all firms in the group. Such a report should contain the information required from all the firms, meet all relevant due dates, indicate all the firms on whose behalf it is submitted and give their Financial Services Register4 firm reference numbers. The requirement to provide a report, and the responsibility for the report remains with each firm in the group. 2

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