Schedule 3, paragraph 3(3)

In regulation 3 (requirements applying to contracts between authorised persons and appointed representatives)— in the closing words of paragraph (2) for “or a relevant investment” substitute “ , a relevant investment or a structured deposit ”. for paragraph (6) substitute— In the case of a representative to whom section 39(1A) or (1AA) of the Act applies (“R”), it is a prescribed requirement for the purposes of section 39(1)(a)(ii), except where paragraph (1A) applies, that the contract between the principal and R must— where section 39(1A) of the Act applies to R, contain a provision that R is only permitted to provide the services and carry on the activities referred to in Article 4.1.29 (definitions) of the markets in financial directive while R is entered on the applicable register; or where section 39(1AA) of the Act applies to R, contain a provision that R is only permitted to sell, or advise clients on, structured deposits as defined by Article 4.1.43 of that directive while R is entered on the applicable register.

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Source: legislation.gov.uk · retrieved 2026-09-04