What are the requirements for a third party introducer?
A requirement for Third Party Introducers to supply Beneficial Ownership information for all companies they have formed on behalf of their clients. A requirement for Third Party Introducers to sign a more comprehensive written agreement with their Registered Agent.
What does the FCA expect on Introducers and third parties?
The key pillars of a good governance arrangement for third parties are as follows: Proportionate monitoring (routine and thematic) of third party activities that impact on customers and regulatory obligations Enhanced mechanisms for training provision of appropriate information for third parties (product and operational information)
Can a authorised firm accept business from an unauthorised introducer?
This alert highlights some of the risks arising from authorised firms accepting business from unauthorised introducers/lead generators and/or other authorised firms (the ‘introducer’). An authorised firm which accepts business from an introducer must meet its regulatory requirements.
Do you delegate regulated activities to unauthorised third party?
Do you delegate any of your regulated activities to an unauthorised third party or to another authorised firm that does not have the required permissions or who are not your appointed representatives? Do the consumers introduced to you have a pre-determined investment in mind?
A requirement for Third Party Introducers to supply Beneficial Ownership information for all companies they have formed on behalf of their clients. A requirement for Third Party Introducers to sign a more comprehensive written agreement with their Registered Agent.
This alert highlights some of the risks arising from authorised firms accepting business from unauthorised introducers/lead generators and/or other authorised firms (the ‘introducer’). An authorised firm which accepts business from an introducer must meet its regulatory requirements.
The key pillars of a good governance arrangement for third parties are as follows: Proportionate monitoring (routine and thematic) of third party activities that impact on customers and regulatory obligations Enhanced mechanisms for training provision of appropriate information for third parties (product and operational information)
What is the definition of third party testing?
49 CFR § 383.75 – Third party testing. § 383.75 Third party testing. (a) Third party tests. A State may authorize a third party tester to administer the skills tests as specified in subparts G and H of this part, if the following conditions are met: