• 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.

    • Guidance

      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.