12.07.2015 Views

Subject Title - INSETA

Subject Title - INSETA

Subject Title - INSETA

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• Name, physical location, postal and telephone contact details of theproduct supplier. The contractual relationship between FSP and the product supplier (ifany), and whether the FSP has contractual relationships with otherproduct suppliers.• Names and contact details of the relevant compliance and complaintsdepartments of the product supplier. If applicable, that the FSP holds more than 10% shares or has theequivalent financial interest in the product supplier and that the FSPreceived more than 30% of total remuneration, including commissionin the last 12 months, from the product supplier; A product supplier who is also an FSP and who has an intermediaryor similar contract with another provider, must ensure that whenasked by the other provider, it provides all the required informationabout itself (product supplier) and the product, so that the (other)provider can comply with the disclosure requirements.Disclosure of FSP informationThe FSP must give clients the information below as soon as possible, whereappropriate. Oral information must be confirmed in writing within 30 days.(If a transaction was concluded)• Full business and trade names, registration number (if any), postaland physical addresses, telephone and, where applicable, cellularphone number, and Internet and e-mail addresses, in respect of therelevant business carried on, as well as the names and contact detailsof appropriate contact persons or offices.• information about the legal relationships between FSP, productsupplier and representative (if any); so that it is clear to the clientwho accepts responsibility for the actions of the FSP or representativeor the extent to which the client must accept such responsibility.• names and contact details of the relevant compliance departmentsor, in the case of a representative, such detail concerning theprovider to which the representative is contracted.• information of the financial services which the provider is authorisedto provide and of any conditions or restrictions applicable to thelicence and whether the FSP has guarantees or professionalindemnity or fidelity insurance cover or not.• whether a representative of a provider is rendering services undersupervision as defined in the Determination of Fit and Proper© <strong>INSETA</strong> - Section 1 12a 139

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