GR-8.1.6
Past version: Effective up to 30 Jun 2007
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An appointment by an
(a) the name of the appointed representative ;
(b) the name of the licensed principal ;
(c) that the licensed principal is responsible for the actions and conduct of the representative concerned when acting or purporting to act under it, with respect to regulated activities (without prejudice to any rights to bring actions for damages by the licensed principal against the appointed representative or vice versa);
(d) the type(s) of business for which the agency is granted;
(e) that the appointed representative allows full access to the BMA, the licensed principal and the licensed principal's external auditors, given reasonable notice, to all records relating to the business falling within its agency;
(f) the terms and conditions for the handling of and accounting for client money , including a statement that the appointed representative is acting solely as agent of the licensed principal in the handling of such money; and
(g) the conditions for cancellation, which cannot alter or cancel the continuing responsibility of the investment firm licensee to take responsibility for the appointed representative's action and conduct (without prejudice to any rights to bring actions for damages by the licensed firm against the representative or vice versa).