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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

representative

      1. (1) an individual who:83
      1. (a) is appointed by a firm, or by an appointed representative of a firm, to carry on any of the following activities:2628
        1. (i) advising on investments;2628
        1. (ii)61 providing basic advice on stakeholder products61;28
        1. (iii) arranging (bringing about) deals in investments;2628
        1. (iv) dealing in investments; or2628
      1. (b) although not appointed to do so, carries on any of the activities in (i) to (iii) on behalf of a firm or its appointed representative .26128
      1. 83(2) (in IPRU(INV) 13 in relation to designated investment business) an individual appointed by a provider firm or by an appointed representative or tied agent of that firm to carry out either or both of the following activities:
        1. (a) giving advice on investments to customers on the merits of packaged products offered by that firm (or any other provider firm within the same marketing group); or
        1. (b) arranging (bringing about) deals in investments in relation to those products.
      1. (3) In (2), a provider firm is a firm that is:
        1. (a) a product provider; or
        1. (b) a marketing group associate.