FCA SUP 12.9

Requires a firm to record key information about its appointed representatives.

Rule Overview

Jurisdiction: United Kingdom

Regulator: FCA

Topic: Recordkeeping

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Information to be recorded on each representative should include:

  1. Their name;
  2. A copy of the original contract and any subsequent amendments to it;
  3. The date and reason for terminating or amending the contract; and
  4. Any arrangements agreed with other principals under SUP 12.4.5B R.

A firm is required to retain these records for at least three years from the date of the termination or the amendment of the contract.

For tied agents the records must be retained for five years.

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