Please note that it is the member`s responsibility to ensure that such agreements comply with regulatory requirements and that the Registry should, if necessary, seek independent professional legal advice. This practice note explains the contractual requirements between an entity designated as a procuring entity and its designated representative (CA) in accordance with Chapter 12 of the Supervisory Manual (ESE 12) of the Financial Conduct Authority (FCA) Manual. For an overview of the appointment and activities of a RA, see Practice Notes: Appointed Representatives and A Director`s Responsibility for Appointed Representatives. This practice note covers only contractual requirements between a RA and its contracting entity. It does not cover contractual requirements between contracting authorities and contracting entities, i.e. several contracting entities. You will find instructions on several principles and on the responsibility of RAs in practice: several principles and appointed representatives. This is a previous agreement in which one company (the principal) authorised by the ACF appoints another (the appointed representative) as the appointed representative and contract agent, in accordance with the Financial Services and Markets Act 2000, to carry out the regulated activities of: Legal Declaration of SolvencyThe company enters into voluntary liquidation if the members of the company do so by a specific decision. For more information, see Practice Note: What is Voluntary Liquidation (MVL) of a Member and where/when is it generally used? Before members could vote on a BIBA, he created a skeletal agreement on appointed representatives (to access it, click here) on several member questions. This document was drawn up on the basis of an initial agreement drawn up by Higos Insurance Services Ltd of Wells, Somerset, which gave their kind permission to produce in this format. meets the requirements of the AR rules that require the RA to carry out a class of transactions listed in the Financial Services and Markets Act 2000 (Appointed Representatives) Regulations 2001, SI 2001/1217 (AR Regulations), and an overview of this precedent is available here: Appointed Representative Agreement – Preview. A principal who carries out regulated activities under a Part IV authorisation and who commissions a RA to carry out some of those activities on its behalf must enter into a written contract with the RA, who:.
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