GEN 6.1 GEN 6.1 Application
This Chapter applies to every Authorised Person and Recognised Body other than a Representative Office.
GEN 6.1.2 GEN 6.1.2
An Authorised Person or Recognised Body which is a Representative Office is hereby exempt from the requirements in section 189 of the FSMR relating to the appointment of an Auditor.
The Regulator has exercised its power under section 189 of the FSMR to exempt an Authorised Person or Recognised Body which is a Representative Office from the requirements in that section. As a result, in accordance with the terms of section 189 the FSMR, the Representative Office also does not need to comply with other requirements in Part 15 of the FSMR.