Appointed representatives (AR)

The following records need to be kept on the AR for three years following termination or amendment of an AR contract:

a. the AR’s name;
b. a copy of the original contract with the AR and any subsequent amendments to it, including any restrictions placed on activities;
c. the date and reason for terminating or amending a contract with an AR; and
d. any agreements with other Principals.

The firm will also need to be satisfied that the AR keeps appropriate records.