Status: You are viewing the version of the handbook as on 2009-03-31.

appointed representative

    4(in accordance with section 39 of the Act (other than an authorised person) who:

      1. (a) is a party to a contract with an authorised person (his principal) which:
        1. (i) permits or requires him to carry on business of a description prescribed in the Appointed Representatives Regulations; and
        1. (ii) complies with such requirements as are prescribed in those Regulations; and
      1. (b) is someone for whose activities in carrying on the whole or part of that business his principal has accepted responsibility in writing;

    and who is therefore an exempt person in relation to any regulated activity comprised in the carrying on of that business for which his principal has accepted responsibility.